How do you keep track of your finances? Most people know they should use a budget, but few actually follow through with it. The first key to successful budgeting is knowing where your money goes. How much did you spend last month on food? If you don’t know the answer, how will you budget for …
Should I Use a Budget Spreadsheet or Financial Software? Read More »
If you had read my last blog on budgeting and downloaded my sample spreadsheet, now is the perfect time to share my method of how to prioritize spending; the 10-10-80 budget. The budget is simple and it starts with giving; you give away the first 10% of your net income before tax. Wow! This may …
Two Thirds of Americans don’t budget, the Federal Government is currently operating without a budget, and many local governments do not have a budget in place either. At this point you might be asking yourself, “Well shoot, who does budget then?” Great question: millionaires. In Thomas Stanley’s book “The Millionaire Next Door” he profiles the “average” …
Personal Finance Tip #1: Build Wealth The Realistic Way – With a Budget Read More »