How to stick to a budget

July 30th, 2013 by admin

No matter where your finances are today, having a budget and sticking to it is a great way of living today and saving for tomorrow.

Putting together a budget requires honesty. Start by figuring out your real income, so grab your pay check stubs or invoices. How much income do you earn every 30 days? Then, take a look at your bills. What do your must pay necessities add up to every 30 days? Then, there’s living Read the rest of this entry »

Living on a budget in 2012

May 30th, 2013 by admin

One of the easiest ways to stick to the budget you’ve created is to literally get your hands on your money by paying for things with cash. It’s easy to create a budget with good intentions, but these plans are quickly derailed by credit cards, debit cards, impulse buys and receipts that are just too hard to keep track of! Here’s an easy solution to try if you want to live on a budget: start the beginning Read the rest of this entry »

How to begin the budgeting process

March 29th, 2013 by admin

Many people don’t like to talk about budgets, but they are the best way to take control of your finances. Your budget does not have to be too restrictive. You are in control of your finances and the kind of budget you want to start. The first step is to understand where you spend your extra money each month. Consider what activities you can do without for a small period of time.

Don’t make your budget too hard to live on or you Read the rest of this entry »

On a Budget and Out on Disability

October 15th, 2012 by admin

You’re out on disability and things feel pretty tense. You can’t work and even after you’ve visited online resources like this link – you still don’t know how you’re going to make it through this financially. That’s where a little creativity and discipline can come in handy – you need to develop a budget and actually stick to it.

Budgets don’t need to be a humiliating affair and they don’t have to make your life a living nightmare. I’m sure that if you totaled up most of your expenses, you would find a great deal of money going toward things that are what we would call “non-essential.” You don’t really need those things to live. They are fun and nice to have, but you’ll survive without a new shirt or an expensive pair of shoes or the latest video game console.

The starting point of any good budget is to first take inventory of your spending. Add up all the requirements like monthly bills and food and see how that number matches with what you’re bringing in. If you have some wiggle room, you can allow for some “fun” spending in the budget, but don’t go overboard. You either want to break even or have enough to save. And that’s really all there is to creating a budget.

Why does everyone need a budget?

July 14th, 2012 by admin

In todays tough economical times everyone needs a budget if they are to maintain their current living status. This also applies to anyone who wants to improve upon their current living arrangements. Budgets prevent people from overspending, which cause many people to go into bankruptcy or experience financial hardship.

Budgeting puts a cap on the amount of money that is being used and helps to figure out where it is going. Without budgets new businesses would go under within their first Read the rest of this entry »

Using a budget to save money

July 11th, 2012 by admin

Using a budget to save money may seem like a basic approach to handling your finances, but it is also one of the most effective ways to limit your spending that you have access to. An effective, balanced and attainable budget can, when it is adhered to, result in greater savings and more frugal spending than you could have thought possible. If you have never been in a position to make use of an effective budget to manage your family finances, it could be the single most useful tool available to you, making use out it will be to Read the rest of this entry »

Involving the family in the budgeting process

July 10th, 2012 by admin

By involving the younger members of your family in the budget creation process, you can make use of a number of valuable opportunities. Ensuring that your budget is created only once their needs have been taken into account will give you a financial tool that will be more accurate and that your family can make more effective use of. Additionally, by educating your children about financial matters you will be able to provide them with a better foundation upon which to build their spending habits, a life time of frugal habits can Read the rest of this entry »

Where does all of the money go?

July 6th, 2012 by admin

It can be eye opening as an adult when trying to budget. Many people ask themselves, where does all the money go. Setting up, and sticking to a budget is important when money is tight. It is not difficult to set up.

The first thing to set up a budget is to determine income. This should be any jobs you or your spouse have, as well as other income from side jobs, businesses, or other things. Of course, after tax income should be noted. Read the rest of this entry »

Why budgeting is important for families

July 4th, 2012 by admin

Money does not grow on trees, but sometimes it seems like it blows away with the wind. The fact is that if you do not plan for financial success you will find yourself in financial failure. The strongest tool you can find for planning for success is a family budget.

Budgeting your money can help you stay above the financial waters during difficult times like today. If you have a financial plan that takes into account the various problems that might arise while at the same time keeping the regular expenses under control then you will be on your way to the financial independence you want.
Look at your expenses and your income within your budget and then allocate what you have toward what you need.

If you have more income than expenses you are in good shape, if not,, then you will have to face up to the problem and make the numbers fit. You know how much you have to spend on the regular bills so take the money that is left and use it to suit your lifestyle. Keep in mind that you will have emergencies so don’t forget to put money in savings for when life happens.

A budget will help you become the success you deserve to be.