Revealing Your True Expense Number: A Simple Test by Kade Hammes | Kade Hammes, Founder, Storybook Financial. 00:10:00
Storybook Financial founder Kade Hammes introduces a straightforward test to uncover the true extent of your expenses. By taking your gross income and subtracting taxes and savings, you can determine your lifestyle or expense number. Kade highlights how we often underestimate our expenses by only considering monthly costs and forgetting annual and unexpected one-time expenses, such as holiday spending or major repairs. This practical approach will help you gain a clearer picture of your financial situation.
