Managing Expenses
A lot of new agents don't take into account that their own personal expenses don't stop once you become a real estate agent.
Many will become overwhelmed and end up over their heads because they don't budget their personal spending into the spending they do with their real estate license.
How do you go about managing and budgeting your expenses both personal and on the business side of things?
5 answers
I make sure I only spend on important things. If it's something not practical or useful to the end result, it's probably best to save the money and revisit it later.
I budget everything and make sure I have the expenses before I jump into anything.
I always have to keep track of everything I buy, even the small stuff. I have a budget for needs such as bills, food, and so on. That is always paid and covered first. Next comes business expenses. I ensure everything is covered there. Everything left over falls into the wants budget where I can buy things the misses and I don't really need but want.