Monday, February 13, 2012

25 Days to Healthier Finances

Hi! I'm following the 25 Days to Healthier Finances made by Celine Roque. Here are my answers to the first few tasks:

1) Define wealth and financial freedom.

Wealth is having more financial assets and passive income than living expenses. Financial freedom means having enough passive income that one does not have to work for money any more.

2) Fine-tune your budget.

Monthly budget
Food 2400
Transport 1000
Medicine 400
Cases 400
Phone 300

Total 4500

Expenses every semester
Books 1000-2000

Expenses every year
Christmas 1000-2000

How do you spend windfalls?
Save until I need the money for expenses.

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