If you're aiming to allocate 10% of your income towards giving and another 10% towards savings within your living margin budget, here's how you can incorporate these financial goals…

The "living margin" refers to the difference between your income and essential expenses, ideally providing a buffer or margin for unexpected costs or savings goals. It's essentially a structured way to ensure you're living within your means while preparing for future financial needs.

Put a percentage of your cash flow somewhere that will begin to work for you. Put this cash flow allocation into savings no matter what happens, and you’ll slowly start building your financial future.

The living margin strategy for personal finance is low-maintenance compared with others. It doesn’t require you to categorize every expense or keep a detailed spending record. It’s a great option if you prefer a hands-off budgeting system or don’t want to feel like you’re budgeting.

For all these questions, a budget is the answer. By following this method and budgeting your cash flow every month, you will know exactly where it’s going. With the living margin budget, you build your spending plan around savings goals instead of fixed and variable expenses.

There are many basic ideas and strategies that you should know before setting out on your journey to creating a living margin. By focusing on your cash-flow instead of current market conditions or trends, you’re likely to achieve positive results.

There are many concepts for leveraging your cash flow and many different vehicles you can use to start. Some examples would be a checking or savings account, money market account, vesting account, or life insurance, but most of these programs follow the same general framework.

While it will work for everyone, it especially works for those with uneven or seasonal cash flow (like entrepreneurs). Setting up your living margin strategy will help you secure your liberty and assets and thrive in every financial or economic situation.

Your biggest wealth building tool is your cash-flow, and the best way to harness the power of your cash-flow is to create a “living margin.” If you have margin in your cash-flow, you will be able to control your finances to achieve lasting freedom.