Follow Your Money: Zero-Sum Budgeting; Purpose-Driven Spending.

Issue 12: Spend with Purpose + Mastercard Scholarship + Fully-funded Study in Singapore

Hi friends, 👋🏾

Happy Tuesday. Welcome to Issue 12.

This week, we explore budgeting, from a different lens, in addition to some scholarship and funding opportunities. Lessgoo🚀🚀

Issue 12: ZERO-SUM BUDGETING

Every money that can be counted, counts!

You’ve probably heard the phrase 🤔: Not everything that can be counted, counts but everything that counts, can be counted. 💯🎯

👉🏾Well, you and I both know your money can be counted and it definitely counts! 🎯💯

👉🏾You’ve worked so hard, beaten the odds✨, and earned every single amount 🏋🏾 which is why we’re introducing the….. drum roll please…

Zero-Sum Budgeting: Everymoney that can be counted, counts! 💫🫡

Zero-Sum Budgeting allows you to earn with a mindset🫡, save with vision ✨and spend with purpose 🤝.

But how does it work? Say less, read more. 🙅🏾‍♂️

💫 In zero-sum budgeting, you assign every amount a purpose...

🤌🏾Start by calculating your total income—the funds at your disposal.

🏡 Identify your fixed expenses—rent/mortgage, utilities, loan payments, insurance premiums, and subscriptions.💯

🗂 Allocate funds to variable expenses—groceries, transportation, entertainment, and dining out—based on realistic estimates.💯

🌟 Set aside savings and investments—prioritize building an emergency fund, contributing to retirement accounts, and saving for specific goals. 💯

🔀 Account for miscellaneous expenses—allocate a small portion to handle unexpected costs. 💯

📊 Track and adjust—monitor your spending and make necessary adjustments to stay on track. 💯

👉🏾Like laundry, budgeting may not be the most exciting task but trust me, it slowly but surely keeps your finances fresh and clean. 🎯👌🏾

✨By embracing zero-sum budgeting, you balance a purpose-driven life with purpose-driven spending. 🎯💯

RESOURCE LIBRARY

Scholarships 🚀🎯

• Fully-funded Mastercard Foundation scholarship to study at the University of Capetown, South Africa. 🫡 💯

• Fully-funded PhD Study in Singapore. 🚀✨

Opportunities 🎯🚀

• The African Union Media Fellowship Programme for 2023-2024 is inviting African media professionals passionate about promoting development-focused stories using emerging technologies in various media forms. Apply here.💯🚀

• Apply for the YALI Climate Tech Innovators and Innovators & Leaders Program- Business Track. 🚀🚀

• If you’re running an impact-driven non-profit or social enterprise in Africa, consider applying for The Changemakers Innovation Challenge. 🎯💯

Freebies

• I recently came across this post by Christopher Rocas. It’s a list of “10 mental models that will accelerate your career (backed by science)”🎯💯

MONEY TRIVIA

Assign a unique monetary value to each symbol so that the equation below is correct:

$ + $ + $ + $ + $ = ???

Conditions:

• Each monetary value assigned to a symbol must be a positive integer. 🎯

• You can only use each integer once. 🎯

• The sum of the monetary values on the left side of the equation must be equal to the monetary value on the right side. 🎯

• The 3rd value is the difference between the 5th and 4th values. 🎯

Finally, here’s our quote of the week- QOTW.

Work expands or shrinks relative to the time given. Given more time to do something, we take more time. Given less time to do the same thing, we take less time…even though it’s the same WORK.

-Inspired by Parkinson’s Law.

Until next time,

Dulra❤️

Founder/CEO, Dot.