The Budget – The Ultimate Financial Management Tool
- Author David Andrades
- Published October 16, 2010
- Word count 302
A carpenter uses a set of house plans to build a house. If he didn’t the bathroom might get overlooked altogether.
Rocket Scientists would never begin construction on a new booster rocket without a detailed set of design specifications. Yet most of us go blindly out into the world without an inkling of an idea about finances and without any plan at all.
Not very smart of us, is it?
A money plan is called a budget and it is crucial to get us to our desired financial goals.
Without a plan we will drift without direction and end up marooned on a distant financial reef.
If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are…long term and short term.
Then plan your route to get to those goals. Every journey begins with one step and the first step to attaining your goals is to make a realistic budget that both of you can live with.
A budget should never be a financial starvation diet. That won’t work for the long haul. Make reasonable allocations for food, clothing, shelter, utilities and insurance and set aside a reasonable amount for entertainment and the occasional luxury item. Savings should always come first before any spending.
Even a small amount saved will help you reach your long term and short term financial goals. You can find many budget forms on the internet. Just use any search engine you choose and type in "free budget forms".
You’ll get lots of hits. Print one out and work on it with your spouse or significant other. Both of you will need to be happy with the final result and feel like it’s something you can stick to.
Hi, My name is David Andrades (Single). I'm currently living in San Jose California. I was Born in New York and then eventually My family and I moved to Puerto Rico, Where we lived for Nine Years. Then relocated to Sunny California. Currently I am learning my why around the internet, It's so Big. Their is a lot of information out there. I'm currently researching different ways to make a living online. Need extra cash? http://www.makemoneyebook101.info
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Enhance Your Travels: A Guide to Chauffeur Services Near You
- Dog Grooming Ozone Machines: A Cleaner, Healthier Approach
- CNC Machining Vs 3D Printing: Which Technology Is Right For Your Project?
- Expert Decorating Tips for Small Flats in London: Enhance Space and Show Your Style
- Custom & Wholesale Silk Pajamas: Elevate Comfort and Style with Tianruiyi
- Elevate Your Style with Custom Silk Headbands from Tianruiyi
- A Luxury African Safari at Victoria Falls
- Low-Fidelity Vs High-Fidelity Prototypes: When To Use Each In Product Design
- Why Were Fake Eyelashes Invented & Fake Eyelashes History
- How History was Changed
- PG Tips Monkey Game
- Non resident Mortgages in Spain
- Top Wedding Destinations: The Best Places to Say "I Do"
- Your Ultimate Guide to Wedding Season: When, Where, and How to Plan the Perfect Celebration
- Two luxury safari destinations: Zimbabwe and Kenya
- Two luxury safari destinations: Zimbabwe and Botswana
- Mastering Tinder: A Step-by-Step Guide to Crafting an Irresistible Profile🔥
- Kerb Appeal & Beyond: The Importance of Maintaining Your Home's Exterior in Rayleigh and Beyond
- Crystal Clear Conservatories: A Guide to Professional Cleaning in England
- From Rayleigh Gutters to Gutter Cleaning Empire: A Guide to Starting and Scaling Your Business
- Is Roof Cleaning Worth It? Absolutely—Here's Why
- The Best Gutter Guards: Why Mesh Stands Out
- Our Journey: The Story Behind All Seasons Cleaning Services
- The Importance of Dryer Vent Cleaning: Safety, Efficiency, and Longevity
- Why Insulate Your Crawl Space?
- The Importance of Vapor Barriers in Crawl Spaces
- Play Online Crazy Time with YesPlay & Win Big!
- Snooker Rules and Regulations: A comprehensive guide to the rules governing the game
- Snooker Sportsmanship: Discussing the importance of fair play and sportsmanship in snooker
- A Luxury Safari Holiday in Zimbabwe: Unparalleled Adventure and Opulence