Worry-Free Money: The guilt-free approach to managing your money and your life

Category: Personal Finance
Author: Shannon Lee Simmons
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by UnfriendlyBear   2019-07-21

For a resource to get you started with figuring out how to plan your cash flow, I'd recommend reading Worry Free Money by Shannon Lee Simmons.

It goes into how to create a spending plan that takes into account irregular expenses for all sorts of paycheque schedules, and includes some bonus commentary on the state of casual financial discourse in our society.

You may also be able to find it in your local library.

by bluenose777   2019-07-21

The book Worry Free Money suggest the following strategy. Each payday have the money you need for your regular bills diverted to an account where these bills get paid and the money you need for savings goals (eg. home down payment, next vehicle, retirement savings) diverted to savings and investment accounts. Spend the rest as you see fit.

Using this strategy, only if you find that you are running out of money between pay days do you need to figure out how you are spending money and decide what you will prioritize and what you will cut back.