When I receive money on my bank account I usually start to panic after 3 seconds of joy.

If I don’t transfer the money within a few days the IRS will make sure they take everything leaving me with €0,00.

So this time instead of panicking I actually have a plan ?

I’m still at Babystep 0 because I have a lot of things that I need to pay like my phone bill and rent from December.

I have a different phone now so I really don’t care about that atm.

Today/ tomorrow about €4.750 will be on my account.

As all the great legends say:

Pay yourself first!

I need to establish my emergency fund of € 1.000 first!

€ 3.750 left

I will pay back € 705 of rent that I lend from my parents.

€ 3.045 left

My rent for the coming month € 375

€ 2.670 left

Health Insurance is € 110

€ 2.560 left

Really need a new laptop or else my income stream will stop at some point. That will cost me about € 2.000.

€ 560 left for groceries, commuting and presents this month.

That’s way more than I’m used to ?

I’ve definitely deserved some slack this month. Not gonna just blow it but I will enjoy March just a little more.

That’s € 18 a day! Average this month is at € 3,77.

When the money comes in I will go from Baby step 0 to Baby step 2 ?

Daily balance:

Expected expenses today:
Groceries

Expenses yesterday:
Personal:
€ 5,90 (groceries)

Business:
€ 0,00

Expected income today:
€ 0,00

Income yesterday:
€ 0,00

Wallet:
€ 0,00

Current balance personal account:
€ 0,00

Current balance business account:
€ 22,48 – € 5,90 = € 16,58

Total:
€ 16,58

– IRS: € 46.534,16
– Business: € 21.999,26
– Personal:  € 8.163,66

Total Debt:
€ 76.697,98

Balance day 120:
– € 76.682,70

€ 9.795

Cheers,
David

Currently reading this financial book:

Love Your Life Not Theirs: 7 Money Habits for Living the Life You Want

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