How To Start A Money Stacks Method Budget
Achieve Financial Freedom, Goals, Savings & Investments
Money Stacks Method spreadsheet
Jennifer’s Money Stacks Method Budget plan gives you extra depth to your money to focus on money habits and to use as a tool to you use your money on your terms.
Focus on your Goals in your Budget Plan:-
* Paying Off Debt
* Emergency Fund
* 3–6 Months Buffer Fund
* Financial Independence
Essentials Stack
This is used for your housing, food, petrol, mortgage, rent, council tax, electricity and gas for a bare bones budget.
Financial Freedom Stack
10% minimum of your take home pay goes towards your financial independence and future income:-
* Pension
* Investment ISA
* Investment Portfolio
* Dividend Portfolio in the Stock Market
Long Term Savings Goals
These would be used to pay off major bills as follows:-
* Moving House
* Holidays
* Sinking Funds
* Car Insurance
* Home Insurance
* Pay Off Debts
Debts
If you have high consumer debts with Credit Cards, Loans and Car Finance Deals, free up more of your money by clearing those debts first.
Education Stack
* Reading a Book
* Course
* Hire a Mentor
Fun Stack
There is a myth that debtors should have no fun if they’re in debt.
It’s a question of clearing debts with your Emergency Fund and still leaving aside money for leisure with family and friends.
Giving Stack
This is for charities and other worthwhile causes.
Auto Pilot Money Goals spreadsheet
This is to help you keep track of your debts so you can fulfil your financial goals.
Auto Pilot Money
* Take Home Pay
* Add every single expense that you have and allocate the leftover amount
* Sinking Fund
* Input every expense that you have based on Essentials and other Lifestyle Choices
- Total all amounts for the grand total figure
Create a Life Changing Financial Plan — From $20k debt to Wealthy in 5 years and beyond
How to Pay Off Debt Fast — STAY Debt Free FOREVER even on low incomes
Should I Pay Off Debt or Invest?
How to Pay Off Debt FAST — Even on a Low income
