My Best Trick For Staying On Budget
How to keep on course for budget success
Budgeting is all the rage, as it should be. Having a plan for your money is the number one way of overcoming financial distress and achieving success. A good budget is the foundation of a solid financial plan, but remaining on budget takes work, here’s how to stay on budget throughout the month and ensure your financial ship stays on course.
Budgeting — The Basics
There are a thousand different ways to budget. You can use an excel spreadsheet, one of the many web services, or simply a piece of paper. How you decided to budget is up to you, but the important thing is that you do it effectively.
“Beware of little expenses. A small leak will sink a great ship” — Benjamin Franklin
So what’s the goal when it comes to budgeting? First of you need to do a thorough audit. You need to total exactly what is coming in, and exactly what is going out. Go through your bank statements and track down exactly where your money is going.
You’d be amazed at the myriad of ways money can leak out of your account. When I conducted our last audit I found about £15 a month in little app subscriptions that we didn’t know about — free trials that…
