A breakdown of my cost of living over the last few years.
I’m a strong believer that budgeting and tracking are among the most important skills you can develop. Simply because to be in charge of your destiny you have to know what’s going on and what the plan is. Having access to good numbers is often the hardest part (running a business, fitness, health), but fortunately tracking personal expenses couldn’t be easier.
Since childhood I’ve been a a bit OCD about tracking money. I still remember the investing pamphlet my dad gave me around age 12 about saving money and compound interest. You know the one: clean little graphs illustrating how $1 saved a day will miraculously become $1,000,000 by age 50.
Skill in tracking and saving is what ultimately allowed me to save $15,000 for travel during my first job out of college.
Being a business owner takes the budgeting OCD up a notch. It’s