How to Budget and Not Fail
Have you ever started dieting and then found that your results weren't coming nearly as quickly as you would have liked? People don't learn how to budget correctly and then run into the same problem: the results don't match up with the work they're putting into it!
Truth be told, failure is almost certain with the way people are taught to budget these days. Some financial guru will announce they've come up with handy-dandy tables to compute what you should spend on every conceivable good and service...another will say you only need to worry about what you're saving (while that's great, you're leaving a lot of money on the table when that's your only focus!).
Look at what you have currently in your checking account(s) and budget only THAT money. I like to to call it 'giving every dollar a job'. Create some categories and assign those dollars to those jobs.
The nex time your paycheck comes in? Take THAT money and give every single one of those dollars a job.
You don't need to be able to see the future to learn how to budget. In fact, trying to estimate and forecast is a royal waste of time. What you're doing is planning a LIVING budget where you're planning what your money will do, and adjusting that plan as needs change. Assigning every dollar a job BEFORE it's spent will do wonders for raising your awareness about spenidng. You'll find that your values and your spending will begin traveling the same path (toward financial peace!)
Once THAT happens, the age-old question of how to budget is answered. You only worry about what you have on hand and you give it all a planned purpose.
Truth be told, failure is almost certain with the way people are taught to budget these days. Some financial guru will announce they've come up with handy-dandy tables to compute what you should spend on every conceivable good and service...another will say you only need to worry about what you're saving (while that's great, you're leaving a lot of money on the table when that's your only focus!).
Look at what you have currently in your checking account(s) and budget only THAT money. I like to to call it 'giving every dollar a job'. Create some categories and assign those dollars to those jobs.
The nex time your paycheck comes in? Take THAT money and give every single one of those dollars a job.
You don't need to be able to see the future to learn how to budget. In fact, trying to estimate and forecast is a royal waste of time. What you're doing is planning a LIVING budget where you're planning what your money will do, and adjusting that plan as needs change. Assigning every dollar a job BEFORE it's spent will do wonders for raising your awareness about spenidng. You'll find that your values and your spending will begin traveling the same path (toward financial peace!)
Once THAT happens, the age-old question of how to budget is answered. You only worry about what you have on hand and you give it all a planned purpose.
About the Author:
Jesse Mecham has been helping others learn how to budget effectively for over five years. His 10-day budgeting course will revolutionize your view on money management!
posted by Debt Consolidation Loan at
4:35 AM
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