Know Your Actual Monthly Number

Objectives

1. ◯Step 1Add up housing, utilities, food, insurance, transport and debt minimums
2. ◯Step 2Ignore everything discretionary — this is the floor, not the lifestyle
3. ◯Step 3Write the number down somewhere you will see it
4. ◯Step 4Multiply by three and six — that is what runway actually means
5. ◯Step 5Compare it to what is in your emergency account