A carpenter uses a set of house plans to build a house. If he didn't the bathroom might get overlooked altogether.
I am a real estate developer, and I would never think of building a house without a plan. A plan is so crucial, townships will not allow a builder to build without one. Why should our financial lives be any different? With a budget and proper budgeting we should be able to realize most, if not all of our financial goals.
Does this seem smart?
A budget is crucial in us reaching any financial goals we have made for ourselves. It is like anything else, planning aids us in reaching our goals. If your are single, you budget could be made in isolation, but if you are married, your financial planning should be made jointly. Set long and short term goals, set a financial plan and budget, then start attaining them. A financial planner can aid you in devising a plan that is realistic and attainable.
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 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.
About the Author:
Tina T Willer, MBA gives seminars, and is the author of Articles and E-books on Personal Finance and more. Her financial tips have aided hundreds of people, in becoming extremely financially fit. Claim your FREE report on Increasing Your Credit Score, Budgeting, Mortgage & Debt Acceleration & more HERE.
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