Expenses vs Spendings

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What to do when your expenses are larger than your income

Rounding it up

  • Your expenses outweigh your income and you want to fix that; start by figuring out the source of the problem.

  • Next up, budgeting. Calculate your after tax income, categorize your expenses into essentials and nonessentials, and allocate some room for savings.

  • Find out where you can reduce your spending in both non-essential and non-negotiable expenses — save wherever you can!

  • Look for ways to increase your income, be it through a side hustle or a couple of hours a week at a side job.

5 min read

Gaby Pilson
#finances#income#budgeting#job

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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