Broke No More

How to curb your spend­ing now

Cosmopolitan (South Africa) - - CONTENTS -

AT ONE POINT IN MY CA­REER,

about 50% of my in­come was pure cash I made from baby-sit­ting and barista gigs to sup­ple­ment my job work­ing for a late-night talk show. I used what’s re­ferred to as the ‘en­ve­lope method’ to han­dle my fi­nances: I put cash in en­velopes marked for rent, sav­ings, my fun fund and ‘money for Anna’, my room­mate. The plan was ef­fec­tive – but not the smartest. (I’m thank­ful my apart­ment was never robbed!) Now that I’m no longer baby-sit­ting or sling­ing lat­tes, I get paid via di­rect de­posit, which means the cash stash no longer makes sense for me. Bud­get­ing is a deeply per­sonal process – and, yeah, it’s some­times painful. But it’s the first step to­wards tak­ing con­trol of your present and fu­ture. Pick the plan that suits you best, and start grab­bing life by the Ben­jamins!

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