"Personal Budget" is your friend!
You do not have to call, even though I have just used the words "personal budget". We need to retrain ourselves from experiencing this phrase in a negative way. The images that it describes – "regime", "deprivation", "sacrifice" – are simply wrong and need to be replaced – "being in charge of finance", "transparency" eyed. "
For some reason We have been ill-trained, I do not know why, maybe by ourselves. It's time to start viewing a concept like a "personal budget" as a friend.
Yes, there are many benefits to having a personal budget – It's a smart, disciplined and well-organized way to deal with your money, but much better it's your tool to make your money go where you want it to go.
The point of departure is to really know where the money Yours. I guarantee you – If you do not have a personal budget and if you do not track your actual expenses, you do not know where 10-20% of your money goes every month .this rate may be even higher!
Personal Budget Template
Starting your budget is much easier if you have budget templates. It saves you time and it provides a certain structure to you already. All you have to do is start filling out the blanks. After you have all your numbers, the real budget begins. The more attention you give it, the greater your salary. I'm going through a detailed example of just such a process in one of my textbooks. Finally, you will need a roadmap to reach your initial goal that encouraged you to start your personal budget first – you wanted to live better, get out of debt, retire early, etc.
So let's talk it all down to 10 simple reasons you might want to create a personal budget:
- To find out where your money is now.
- To win more money for savings.
- To find a way to build a house, stop work, establish a business, start a school, etc.
- To pay off your debts.
- To live within the path.
- To make large expenses like college, new child, trip to Europe, etc.
- To scale down after divorce or serious illness.
- To evaluate current business and decide if you want to be.
- To create a reserve for unexpected charges.
- To calculate minimum income you can live for in uncertain periods.
What initial motivation to create a personal budget, you'll be surprised at how many more benefits you'll get from it. These benefits are hard to expect because you never know what increased awareness will lead you. And it is certainly different in each case. But that's what you must achieve – increased awareness of your finances, your goals and how you can choose to meet them.