Budgeting is NOT taught very well. My wife complained about her mother using envelopes... but it worked. A budget is nothing more than discipline. Get the emotions out of it and learn to say no to each other ( and kids if present).
The world is converting to a subscription basis for everything. cable, Phone, Services, Internet, Bill pay services, yard services. Water, gas, food and milk have not caught up yet. It is amazing how much money one can find in little tiny subscriptions and the like.
If you are a websurfer or a ring tone buyer, watch out. You could be sucking in ten little items at 9.99 each. That is $100 a month!
As mentioned elsewhere in here- Get yourself a living update financial statement. Pick up "Rich Dad Poor Dad" and start to think about where money comes from and where it goes and where it is best used. Inside his books and courses Kiyosaki has a nice little financial statement method. You can make your own. Bottom line is make it nice, neat, tracked and professional. Why? Because you may need to take it to a bank to get your loans. Dont be like 95% of the world and treat money and reporting of it as a chore that is insignificant. You get bankers and money people impressed with your professionalism and the world can open up in ways you did not expect.
Good luck!
|