Currently listening to: Young, Wild and Free – Snoop Dogg, Wiz Khalifa, feat. Bruno Mars
So what we get drunkSo what we smoke weedWe’re just having funWe don’t care who sees (shit)So what we go outThat’s how it’s supposed to beLiving young and wild and free
Write about your approach to budgeting.
I hate budgeting. Why can’t we all be billionaires?
But since I’m not a billionaire, I stick to the 50/30/20 rule when it comes to budgeting—it keeps things simple and helps me stay on track.
50% goes toward necessities: mortgage, utilities, gas, property taxes, essentials like laundry detergent—you know, the non-negotiables.
30% is for the things that make life enjoyable: traveling, Michelin-starred dining, lingerie, makeup—little luxuries that bring me joy.
20% is dedicated to savings and investments: my 401K, 403B, high-yield savings account, HSA, IRA, cryptocurrency, and whatever else I think will pay off in the long run.
If I ever come up short, I work more. I juggle a full-time job, a part-time job, and a per diem consulting gig. My friends think that I’m crazy and maybe I am but at least I’m prepared. I live in California where it’s expensive to live and the jobs are competitive. Luckily, people are always looking to collaborate or pick my brain, and I’m usually open to it.
That said, working 80-hour weeks is not the goal. I do my best to stick to my budget but with inflation going off at an exponential pace, I am going to figure out what is going to be acceptable for me.
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