The ROOT of it all…The BUDGET!
No matter what the financial goal is, you can NOT make a move without a budget.
All too often people think that they can wing it when it comes to figuring out their personal income and expenses. It is not impossible to create a budget that is in your mind. BUT, realisitcally you need to write or type a budget.
What are some key factors to creating a good budget?
- Be realistic
- Make your expense list as complete as possible
- Make sure the budget reflects a specific time period
- Revist and REVISE as often as needed
- Take corrective action if needed
You will find that creating a budget will generate some surprises. You may even be in a bit of a shock and say “DAMN I didnt know I spent that much on food?”
Do not beat yourself up if you find that you have made some loose financial choices.
The key to effective budgeting is recognizing what you should spend and correcting any habits that put you off course.
You can find budget templates in Microsoft Excel and I am sure there are tons of apps related to the topic. You can also go old school and literally write out a budget on pen and paper. I suggest using a template but if you need more help. Sign-up for one of my classes or consultations, I can get you on the right track.
Let’s Make Cash Moves!
Ashley
585-420-6222