* Step 1: Set up corresponding Profit First allocation accounts for your personal expenses. * Step 2: Based on your most recent pay and the “lifestyle lock” explained in this chapter, figure out how much you should truly be living on. * Step 3: Have a sit-down with your entire family and talk numbers. Tell them what you’re doing with Profit First and the positive impact it will have on your family’s long-term financial health. And if it helps, you can tell the kids that this method was something suggested by “Uncle Mikey.” --- **Tags** — [[quotes]], [[personal-finance]] , [[frugality]], [[lifestyle-creep]], **Source** — [[202303291359 - B - Profit First]]