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A Simple Budget Example

This is a great way for you to track all the money you make, and all the money you spend. 

We like the zero-based budgeting approach, which assigns every dollar a place to go each month. 

First, identify all the monthly income you will receive. Then, give each dollar an assignment. 

Assigning every dollar a place to go does not mean have to spend every dollar on expenses! If all the regular expenses are accounted for and there is money left over, it can be allocated to discretionary categories like savings, investment, the new car fund, etc. What we hope to see is, over time, you will look for ways to tighten up your budget so you can assign more and more dollars to your savings and investments.

Notice how money in = money out. This is characteristic of a zero-based budget. Every dollar is accounted for!

Happy budgeting.

Sonoma Wealth Advisors is a DBA of Fermata Advisors LLC, a registered investment adviser, and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. The information presented is for educational purposes and believed to be factual, but we do not guarantee its accuracy and it should not be regarded as a complete analysis. All expressions of opinion reflect the judgment of the author/presenter as of the date of publication and are subject to change and do not constitute personalized investment advice. An investment adviser representative should be consulted directly before implementing any investment strategy. Investments are subject to market risks and the potential loss of the entire principal amount invested. Past performance is no guarantee of future results.

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