Money Tips

So after you earn all this money from affiliate marketing and internet marketing, what do you do with it?

I believe it’s important to not just earn money, but to manage it very effectively.

I have to stop myself at times of thinking of all the “neat” things I could get when I receive a deposit of mid-low $xx,xxx. It’s an easy trap to fall into. That’s the primary reason why I have my goals always written and a clear vision set.

For my finances I try to set aside a certain amount each month. Generally I do something like this:

10% tithe (off of gross income), 10% savings (for future investments / assets), Tax money (variable % depending on what I believe is going to be my tax bracket I try to save around 25% of profits), a very small % is used for personal expenses and the rest is put back into the business for expanding.

In times past, I’ve managed most of my money via excel sheets but It’s time to get a bit more advanced.

I found a pretty interesting post on ZenHabits.com which has some good points. I do disagree with the first tip about buying groceries with cash and such. I buy all my personal stuff on a 2% cash back card. Personally, I think it’s a bit more wise but to each his own.

How do you manage your finances? What are your percentages? I always am open to new ideas.