Breaking Down The Reserves: Cash Flow Every Single Bill

Photo by Yan Krukov on

Hi guys! If you’ve been following me for a little while, you know that I manage my money in categories. It’s much easier for me to plan my budget in that way. In my opinion, it gives structure and flexibility at the same time. When I initially set up my budget, I spent a lot of time setting up separate categories for spending and saving, figuring out which bill should go where, and setting caps for the overall spending allowed for each category. Today, I don’t spend a lot of time tracking each individual bill. I only need to make sure that they all still fit under that category’s spending cap, and it’s worked really well for me. Some categories are more obvious than others like ‘Tithe’ and ‘Savings’, but under my ‘Recurring Bills’ category, I have a sub-category called ‘Reserves’. Stay with me. I promise it’s not complicated. This week, I’m going to dive into what I include in my ‘Reserves’.

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