Skip to main content

Budgeting Tip: How to Manage Your Money

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.

Comments

Post a Comment

Popular posts from this blog

Iran will start exporting gas to Iraq

Iran will start exporting gas to Iraq within the next three months, Iranian Oil Minister Rostam Qasemi said on Sunday. Qasemi, who met with his Iraqi counterpart Abdul Kareem al-Luaibi in Baghdad, said the agreement on Iranian gas supplies to Iraq had "reached the stage of final signing." "The launch of gas exports will proceed by stages, First, gas will start to be supplied to Baghdad and then, within another three months, to Basra," official news agency IRNA quoted Qasemi as saying. Iraq is expected to consume about 20-25 million cubic meters of Iranian gas per day. Iran, which has the world's second largest natural gas reserves after Russia, is also close to signing an agreement on gas supplies to Syria via Iraq, Qasemi said. "The signing of this agreement will take place in Tehran with the participation of representatives from the three countries," the Iranian oil minister said. In the summer of 2010, Iran, Iraq and Syria signed a memora...
Post a Comment
Read more

Fast Website Speed Affects Google Search Ranking

Over the course of 2009, a consistent theme that Google has been involved with is that of speed. In announcement after announcement, Google has talked about the importance of speed on the web, and how the company wants to do everything it can to make the web a faster place. Has it occurred to you that how fast your page loads may have a direct effect on how your site ranks in Google?  Don't worry, it hasn't had an impact...yet. In an interview with WebProNews , Google's Matt Cutts told us that speed may soon be a ranking factor.  "Historically, we haven't had to use it in our search rankings, but a lot of people within Google think that the web should be fast," says Cutts. "It should be a good experience, and so it's sort of fair to say that if you're a fast site, maybe you should get a little bit of a bonus. If you really have an awfully slow site, then maybe users don't want that as much." "I think a lot of people in 2010 are g...
Post a Comment
Read more

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...
Post a Comment
Read more