HI ! I’m SAMIR LIFE, the finance enthusiast who launched save me budget to help you take the next step in this blog where I share my knowledge about personal finances.
Are you new to my blog ? If yes, then I welcome you to save me budget
This page serves as a guide for new readers. Some who discover Save Me Budget are grappling with significant debt and need assistance in climbing out. Others have substantial savings and seek advice on achieving a quiet millionaire lifestyle. Everyone begins from a unique starting point. Wherever you find yourself, this page can guide you in the right direction.
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Scroll down to locate your position on the path to financial freedom, then delve into the articles! Thank you for visiting.
Financial Dependence
This is the stage where individuals rely on others or debt to meet their financial needs. They may have little to no savings and are often burdened by debt.
Financial Stability
At this stage, individuals have started to manage their debt and are able to cover their basic expenses without relying on others. They may have started saving for emergencies and have a budget in place.
Debt Freedom
This stage marks the achievement of paying off all non-mortgage debt. Individuals in this stage have significantly reduced financial stress and may have more disposable income to allocate towards savings and investments.
Financial Security
In this stage, individuals have built up a sufficient emergency fund (typically 3-6 months’ worth of living expenses) and have started investing for the future. They are less vulnerable to financial shocks and are actively working towards their financial goals.
Financial Independence
At this stage, individuals have accumulated enough wealth that they no longer need to rely on a traditional job to cover their living expenses. They may have multiple streams of passive income, such as investments, rental properties, or business ventures.
Financial Freedom
This is the ultimate stage where individuals have complete control over their finances. They have enough wealth to sustain their desired lifestyle indefinitely without needing to work for money. They have the freedom to pursue their passions and interests without financial constraints.
