#14 - Finances for Actors - Part 5 (Monthly Budget) & Part 6 (Compound Interest)

The dreaded “B” word.

Budget:

For some reason I shrivel up at the word budget.

I associate it with restriction, which I associate with losing weight – it’s just not a pleasant thing for me.

But, we do need to know where we are, before we achieve where we’re going.

So – here are my tips on discovering how much goes in and out each month (yes, even on an inconsistent actors’ salary).

If you have more money going out than in each month there are only two solutions

1. Spend Less, or
2. Make More

Which one works best for you?

Compound Interest:

Check.

Out.

This.

Chart.

*This* is why I do what I do.

https://www.businessinsider.com/compound-interest-chart-march-2016-2016-3

**Disclaimer: I (Michelle Dyer) am not a financial advisor, please contact one. The views expressed are strictly my own and do not reflect my employer.**

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