2:00Money Management
5 Budgeting Mistakes That Keep You Broke
Arian Hamilton · Entrepreneur
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Build
Money Management
Budget, save, build credit and understand where your money actually goes.
Where to start
Four steps, in the order that works.
- 1
Know your take-home
Before you budget anything, know what actually lands in your account.
Run the numbers → - 2
Build the budget
Give every dollar a job, including the ones going to your future.
Build it → - 3
Clear the debt
Compare avalanche and snowball on your real balances.
Make a plan → - 4
Track net worth
One number that shows whether any of it is working.
Track it →
Lessons
Short reads with a quick check at the end.
- Sign inWhat is actually on a paycheck?Gross pay, deductions and net pay, and why your first paycheck is smaller than you expect.8 min
- Sign inNeeds, wants and the space betweenHow to sort spending into needs and wants before you build a budget.7 min
- Sign inHow credit actually worksWhat a credit score measures and the habits that move it.
Learn from experts
- 2:00
Pathways worth a look
A budget starts with income. Compare what different routes pay.
- TradeHigh demand
Electrician
$50K – $100K
- Time
- 3 yr–5 yr
- College
- Not required
- Route
- Apprenticeship
Source: U.S. Bureau of Labor Statistics (illustrative)