Budget Tips

Budgeting is a critical process which forces you to look at what you’re spending, where you’re spending it, and thus be able to make informed decision on where changes can be made to meet your financial goals. Using software to track your finances and assets, you will get the added benefit of being able to tie it into budget planning. Continue reading “Budget Tips”

A quick list on how to budget your finances

1. Gather every financial statement you can.
2. Record all of your sources of income.
3. Create a list of monthly expenses.
4. Break expenses into two categories: fixed and variable.
5. Total your monthly income and monthly expenses.
6. Make adjustments to expenses.
7. Review your budget monthly.