Money Matters: Learn to Spend, Save, and Thrive
Take control of your finances in 7 days. Learn to spend wisely, save intentionally, and thrive with confidence.
Lesson Specific Content Goes Here
You can add lesson-specific resources (or any lesson specific content) in the lesson builder.
Day 2: Income vs. Expenses — The Real Math of Your Life
Master the Money Formula That Builds Wealth, Not Worry
Welcome to Day 2!
Hey mindful earner reader!
Yesterday, you opened the door to rewriting your money story—and today, we’re stepping through it. It's time to get honest with the real numbers behind your lifestyle: how much is coming in, and how much is going out. No fluff, no fear—just clarity.
Yesterday, you opened the door to rewriting your money story—and today, we’re stepping through it. It's time to get honest with the real numbers behind your lifestyle: how much is coming in, and how much is going out. No fluff, no fear—just clarity.
Money management isn’t just for accountants or entrepreneurs—it’s for YOU. Knowing the true difference between income and expenses is the foundation of every smart financial decision. And when you learn how to organize your money with intention, you can finally stop the cycle of stress and start building a life that thrives.
Today’s featured video, “How To Manage Your Money Like The 1%” by Vincent Chan, introduces the powerful 75/10/15 Rule—a system that can work for anyone, no matter how much (or how little) you earn. You’ll learn how the world’s wealthiest think about money—and how you can apply their mindset to your own unique financial situation.
Content: The 75/10/15 Rule – A Wealth Strategy for Everyone
Vincent Chan breaks money management down into a simple, actionable rule:
🔹75% for Living
This is your lifestyle money—rent or mortgage, food, bills, transportation, clothing, fun. The idea is to live within this range so you don’t feel restricted but can still grow.
This is your lifestyle money—rent or mortgage, food, bills, transportation, clothing, fun. The idea is to live within this range so you don’t feel restricted but can still grow.
🔹10% for Saving
This isn’t just an emergency fund—it’s your security cushion. It’s peace of mind. Even a small monthly amount matters. This builds discipline and readiness.
This isn’t just an emergency fund—it’s your security cushion. It’s peace of mind. Even a small monthly amount matters. This builds discipline and readiness.
🔹15% for Investing and Self-Development
This is your growth fund—money that goes into investments, business, education, skills, and anything that helps you build a better future. This is how you level up.
This is your growth fund—money that goes into investments, business, education, skills, and anything that helps you build a better future. This is how you level up.
What’s beautiful about this rule is that it’s flexible. Whether you earn a little or a lot, the percentages stay the same. You learn to manage what you have instead of waiting until you "have more".
Why This Matters: Wealth Begins with Awareness
Understanding your income and expenses is like seeing your financial GPS. You can’t move forward if you don’t know where you are. This rule empowers you to take control and build a system for your money—not just survive paycheck to paycheck.
And here's the magic: once you know the real math of your life, you can stop feeling guilty about spending and start feeling confident about your decisions. That confidence builds with every step.
Your Challenge Today: Let the Numbers Speak
Step 1: Watch the Video
Watch Vincent Chan explain the 75/10/15 Rule. As you watch, take notes on the parts that spark ideas or feel like “aha!” moments.
Watch Vincent Chan explain the 75/10/15 Rule. As you watch, take notes on the parts that spark ideas or feel like “aha!” moments.
Step 2: Map Your Money Flow
On paper or digitally, write down your current monthly income. Then list your average monthly expenses—every peso or dollar. Break it down by category: housing, food, transport, subscriptions, etc.
On paper or digitally, write down your current monthly income. Then list your average monthly expenses—every peso or dollar. Break it down by category: housing, food, transport, subscriptions, etc.
Step 3: Apply the Rule
Now try fitting your numbers into the 75/10/15 model. Are you overspending on lifestyle? Are you saving or investing anything yet? Don’t judge—just notice.
Now try fitting your numbers into the 75/10/15 model. Are you overspending on lifestyle? Are you saving or investing anything yet? Don’t judge—just notice.
Step 4: Journal It
✨ What was your biggest surprise today?
✨ Which category is most out of balance for you?
✨ How would your life change if you followed this rule for the next 6 months?
✨ What was your biggest surprise today?
✨ Which category is most out of balance for you?
✨ How would your life change if you followed this rule for the next 6 months?
Bonus Tips: Tiny Tweaks, Big Results
✔ Cancel subscriptions you don’t really use
✔ Try a “no-spend” challenge once a week
✔ Automate your savings, even if it’s just $5 a week
✔ Track your expenses for one week and review the trends
✔ Try a “no-spend” challenge once a week
✔ Automate your savings, even if it’s just $5 a week
✔ Track your expenses for one week and review the trends
👉 Your Action Items!
Check the box below after completing the action items.
I’ve watched today’s video on the 75/10/15 Rule.
I’ve calculated my current income and expenses.
I’ve applied the rule to see where I stand.
I’ve journaled about what I discovered and how I feel.
Add more Tasks
A Little Encouragement Before You Go...
You’ve done something powerful today—you looked your money in the eye and said, “I’m ready.” That’s huge.
This isn’t about being perfect with numbers. It’s about paying attention. And every time you pay attention, you grow.
Tomorrow, we’ll talk about intentional spending—how to align your money with your values so every expense feels like an investment in your best life.
You’re doing the work. You’re doing it well. Keep going—you’ve got this. 💛
Lesson Specific Content Goes Here
You can add lesson content in the next tab (Course Content Builder Tab)
You cannot add/edit content here.