Why is it important to know my income?

Where can I get the money? > Why do you know that my income is important? > How to calculate income> How much should I pay? > How much should I pay? > Salary

There are two very important reasons to understand your income. First, you need to understand your income to see how much you can buy and save. Knowing your income will help you create a budget that will allow you to pay for such living expenses like food and rent and prepare entertainment, special purchase or emergency funds . In the second half of the course, you can find detailed information on the creation of household account book.

The second important reason for understanding your income is to understand your tax. Those living and working in the US usually pay federal tax (taxes applied to US owners) and state taxes (taxes determined by the state you reside). The tax you pay is based on your annual income and expenditure

It is wonderful if you already know this! Otherwise, go to your bank account and find your income. To the best of my knowledge, I have two sources of income. One is my monthly salary. The second is passive income generated by a simple low risk investment. Find these numbers and take them with you. We call this number as income, so please go back to your bank account and find the usual payment. In my case, it is rent, money, phone, internet, spotify, hairdresser. At this point I created an Excel file on Google Doc and if I already have money this month I wrote each rate with the appropriate amount in a row.

There are two very important reasons to understand your income. First, you need to understand your income to see how much you can buy and save. Knowing your income will help you create a budget that will allow you to pay for such living expenses like food and rent and prepare entertainment, special purchase or emergency funds . In the second half of the course, you can find detailed information on the creation of household account book. The second important reason for understanding your income is to understand your tax. Those living and working in the US usually pay federal tax (taxes applied to US owners) and state taxes (taxes determined by the state you reside). The tax you pay is based on your annual income and expenditure