What Is The Triple B Money Budget (Save And Invest More)

So before you watch this video and you learn about this budget, I want to tell you something, there are four ways to arrive, Early, Late and on time and you never made it. And when it comes to money, budgeting and getting to financial freedom, it's very important you pick the method that works best for you.

This method I’m sharing in this video is called the Triple B budget, and it can help you get there super early but that’s requires a lot of sacrifice, or you can use to get there on time. But you wont arrive late and you will make it. So customize this budget to fit your lifestyle.

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1. Baseline

-A wise man once said, the richest man in not the one with the most, but the one who needs the least

-Meaning for example when I asked a lot of people what is their quitting number

-The number of money you want to make per month to basically not have to worry about money (I heard numbers like $10k, $20k and once I heard 50k, and I asked what are you going to spend that money on, the answer was IDK, more is better right )



Here is what makes up your Baseline (Triple is Bare Bone Budget, a budget that covers the necessities, you can use it for when times get hard, or if you’re a physco like most of us on this channel, to achieve financial freedom faster )

-Shelter: 33% Maximum of net monthly income

-Utilities: Light, Water, Gas, Internet and Phone Bill ( you could include health insurance too )

-Groceries: $200-$300 per person, per month - ( no eating out )

-Transportation: Car, Gas, Insurance, Parking and so on



2. The Average Person BARE BONE BUDGET looks like this



-Shelter: A lot folks Spend 50% on Shelter

-Utilities: $400

-Groceries: $412

-Transportation: About $677, not including insurance, maintenance, parking ( more like $1000)



If you have an Income of $4000 month

-And just your baseline is $3,812 you have left $188

-But I didn’t include the money you spend on subscriptions and just ramdon things

-The point you’ll have a hard time



3. My Recommendation is this

- Try to make your baselines your actual budget for expenses and have it be no more 70% of the money you make per month

- Take out 1-5% for Fun activities and if you really have spending problem and don’t mind arriving late then 10%

- You have left 29-20% of your money which in this case is about $800-$1,160



4. Why this Budget Exist

- Its to help you accomplish financial Freedom



To do that first : Pay off debt ( avalanche method or Snowball research and find out which is best for you ) – pay everything except the mortgage

Second: Save 3-6 months of your baseline and put into a High yield savings



Third : two things

-Invest 10-20%

-Take hats left and use to buy a home using the 33% rule ( look it up on youtube I have a video on it )

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

Видео What Is The Triple B Money Budget (Save And Invest More) канала TommyBryson