3. Make a Budget.
Seems obvious but it can be a pain to keep track of. A spread sheet will help you greatly. There are tons of ways to track your budget online or on your smart phone. I can not recommend one because I made my own. I prefer to keep that information offline. It's probably just paranoia. I like having a sheet with check boxes for each month so I can track which bills are paid and which are still waiting. I have a basic sheet created for this purpose. Drop me a line and I will send you an excel template. thefettler@yahoo.com
For the full budgeting experience follow these instructions.
http://financialplan.about.com/od/budgetingyourmoney/ht/createbudget.htm
To be honest I don't check my budget totals all that often. I feel that I have squeezed every penny out of my monthly bills. I make sure every bill is paid each month and my savings vehicles are on auto-pilot. I do keep track of how much I need to make to keep up. In the beginning I followed the budgeting mantra. Once I got out of debt and disciplined about saving it seemed like extra work.
No comments:
Post a Comment