Part 3/9:
- Guilt-Free Spending (20-35%): The fun part—spending on what brings you joy, guilt-free.
This structured approach sets the stage for financial awareness and control in the months to follow.
Month Two: Building a Financial Moat
Having a solid financial foundation requires a safety net, which leads us to month two's focus: establishing an emergency fund. This fund is crucial for unexpected expenses, helping you avoid debt traps associated with high-interest credit cards. Aim to save 3-6 months' worth of essential living expenses.