Budgets shouldn’t be rigid but should be use to look at your current and future cash flow. There is more to your financial plan then just fixed costs. You don’t want to forget about those discretionary cost items. Every dollar should be tied to something.
In this video, we go over a few steps to track your dollars and make a plan for all future spending.
Mind Yo Money Series – Budgets shouldn’t be rigid but should be use to look at your current and future cash flow.
1. Know Your Variable Expenses
2. Create A Budget with Actuals and Goals
3. Establish an Emergency Fund
4. Make Good Decisions & Set Priorities
Do you tell your money where to go?
Congratulate yourself if you have been managing your money up until now. If money management has been more of a task and a way to stick your head in the mud, its time that you start planning today.
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