BUDGET!
Are you afraid to be honest with yourself about how much you spend? This probably sound boring to you, but you are going to have to make a budget! Many people want to overlook this important first step when reviewing their finances. A budget allows you to control your personal and family’s spending so you will have enough money to pay your bills, and also save for things such as vacations, retirement, and your children’s education. Budgets help you realize areas where you might be overspending.
Know how much you have to spend! Make a list of your regular monthly expenses for housing, car payments, credit cards and any other bills you may have. Include those bills that don't come due every month, things like insurance for your car, but spread the expense over several months, or even the year, depending on when occasional payments are due. Instead of panicking every ninety days, learn to budget and save so you have the funds available when it's time to make the payment. Even if you don't write the check every month, you should still act as if these funds have already been spent.
Use this opportunity to be totally honest (with yourself and your family) about your spending. You want to be aware of the exact amount of money you have to spend so you can evaluate whether you really want to spend it! It doesn’t take long to determine your budget. And we provide you with a quick and easy form to help you get this first step out of the way at the end of the Debt To Wealth Ebook.
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http://pinkston.tbatwo.net
Posted By: Esther Pinkston
Thursday, February 19th 2009 at 12:51AM
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