Budgeting before investing!

Before beginning your investment journey, you need to do the exercise of household budgeting of income/expense, identify any gaps or leakages, and even calculate key personal income ratios like debt-to-income ratio, surplus ratio and investing ratios. This will help you understand where you are today and what needs to be done to have a great household balance sheet in the future. Once you know how much surplus savings you have per month then you can begin your investing journey.