Now that you’ve had plenty of time* to consider parts 1 through 4, let’s do a wrap-up of the basics for budgeting.
As the tagline of this site says, “manage the flow and you’ll be able to weather any storm.” Budgeting is the primary tool for managing the flow of money in your life. In Part [...]
Part 1 of this Budgeting Basics series was about your income, part 2 your expenses, and part 3 your savings. Now it’s time to look at what you’re giving.
You’re probably familiar with the saying, “You get what you give.” I prefer what Napoleon Hill, the author of Think and Grow Rich, said/wrote which is “You [...]
In Part 1, you added up your income. Part 2 had you tally up your expenses. Now, before we look at the difference between those numbers, let’s talk about your savings.
Here in the United States, the amount of money Joe Citizen saves is non-existent. In recent years, the statistics have shown the nation’s savings rate [...]
Now that you’ve tallied what you’ve got coming in, it’s time to look at what’s going out, but first, I want you to take out an index card or sticky note or just a small piece of paper. On it, I want you to write the total amount for what you think you spend each [...]
Welcome to the first of a series of entries on budgeting. This series will look at the components of a budget in order to help you keep that resolution you made about actually budgeting your money this year.
When most folks first decide that they need to budget, it’s usually because they’re living beyond their means [...]