We’ve crossed the middle of the year again and if you’re as lucky as I am, you should have been informed of your salary increment for 2018.
This year, I got a small increment of $195 in my monthly payroll so that’s an additional 195 one-dollar soldiers awaiting for deployment every month!
I checked my salary allocation budget that I update every year and it looks like there’s no additional expenses incurred so far. That’s good news to me because all the 195 one-dollar soldiers will be deployed to investment wealth accumulation.
What’s a salary allocation budget?
A salary allocation budget is essentially just a budget plan.
“A goal without a plan is just a wish.”
― Antoine de Saint-Exupéry
To plan how every dollar of my salary is used each month, I designed a salary allocation budgeting template. I update my salary allocation budget each year to ensure every dollar is put to good use …