Step 4 - Compare your expected income with the amount of income you need

This fourth step is the moment of truth 

In it the income needs that you determined in step 1 are compared with the income prediction determined in step 3.

  • First make sure that you add up all the income sources that you identified in step 3. Write down this amount on your calculation table, in step 4.
  • Then, take the figure representing your income needs, which you obtained in step 1. This figure will be either 70% of your current income, or the result of the calculation obtained based on your detailed expense budget. Write down this amount on your calculation table, in step 4.
  • Calculate the difference.



Go to step 5   Step 5