You probably heard of Parkinson’s law:

“Work expands so as to fill the time available for its completion.”

It’s often the same with spending money: the more you have available to spend, the more you’ll spend:

“Monthly spending expands so as to fill the monthly budget.”

For this reason, we recommend that you apply the “Pay yourself first” methodology which basically says:

<aside> 💡 “Save & invest first, then spend what’s left” rather than spending what you earn and having nothing left.

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Concretely, when you get your paycheck:

1. Pay your rent, bills and all your recurring expenses
2. Transfer your forecasted Free Cash Flows towards your goals (savings, investment, debt repayment)
3. What’s left is your monthly budget. To stick to it, track your spending pace with the Budget Line

Good luck in the execution of your plan!