Whether you’re getting started in real estate investing or you need some extra cash to scale up, this webinar is for you. Danille from KenMcElroy.com shows you how you’re REALLY using your money, hidden expenses you can cut back, and how to live on a budget while still having fun!
How are you using your money?
Are there repeat payments you aren’t using?
Where can you cut back?
Hi Danille, You talked about how you were feeling great when you saw the money going into your savings account instead of spending it. Do you use a special savings account for saving up to invest in real estate or do you just use a normal bank account and call it “savings”?
Also do you have some advice on structuring your bank accounts?
Thanks! Best Thomas
Thank you for this. I started budgeting a few months ago using Mint and it’s the best decision I’ve ever made. I now have opened several accounts specific things so that I can see the budget itself and not over spend and keep better track of my money.
You would not have to stop saving for your house if bills came up, but only if you had an emergency fund.
I don’t have a budget problem, I have an income problem. Grant Cardone
Why don’t you guys have a simple how to build credit course? It would help and play hand in hand with budgeting and first rental. I had no idea how important it was to build credit from early on after high school. My parents always taught me to pay with cash or debit, not to go into debt, I had no credit history, and credit worthiness was frustrating. Luckily now a days, it’s easier for college students to get a charge card, or have more options.