After much effort and probably frustration you have a balanced family budget. Congratulations! You can now tell all of your friends and family you’re living on a budget (they’ll probably look at you funny), you have a spending plan and you’re working your way towards debt free day and financial freedom.
Now what are you supposed to [...]
Taking the first step to organize your finances and create a budget can present some challenges. How do you estimate the budget amount for each spending category?
Some categories are easy to determine with a little bit of work and organizing. For example, you can add up all of your electric bills for the last year [...]
1. Create a budget and stick with it. It’s critical you are able to plan a purpose for each dollar by having a budget, track expenses and know when to stop spending after you have met the total expenditures available in the spending category of your plan.
Action Step: Start tracking your spending today. You can [...]
Thursday, July 9, 2009
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