/biz/ - Business & Finance

Know your tax bracket
Save with intent to build wealth into passive income
Invest a small portion of savings

Some people like to keep a meticulous budget where they account for every receipt. It may do you some favors on your taxes.

Instead of keeping track of every little detail on spreadsheets, I budget income using percentages with specific goals.
>50%+ savings/investments
>25%- expenses (inc. food/gas/tax bills)
>25%- free
I keep within these ranges. My actual expense costs are a little lower (20%), so the money left over acts as an emergency fund. The other 25% is money to play around with.

Good luck.