5 Easy Steps to Budgeting

When it comes to reading articles on money, I really want it to be simple to understand. The “5 Easy Steps To Taking Charge Of Your Finances” from Greg Bell is such a booklet. It aims at making the what, why and how to budget easier to grasp.

It is Greg’s belief that a budget must be simple so that you will enjoy setting up a budget and sticking to it. If you have to spend your valuable time in doing a budget, put your efforts in and make it worthwhile. From Greg’s experience, those who take the time to plan properly will have the confidence of getting a better lifestyle and will have fewer stresses when dealing with the surprises of everyday life. In short, the following are the steps.

1. Review your financial situation.
“Some couples go over their budget very carefully every month; others just go over them” – Sally Poplin

2. Create a cashflow sheet and prioritise your bills.
“I have enough money to last me the rest of my life, unless I buy something” – Jackie Mason

3. Break the problem down.
“My problems lies in reconciling my gross habits with my net income” – Errol Flynn

4. Setting Your Goals
“A budget should reflect your priorities and Values” – Gregory Bell

5. Get into action – do your income and expenses analysis.
“Momentum turns dreams and plans into reality” – Aaron Bell

A picture is worth a thousand words, so this “5 Easy Steps To Taking Charge Of Your Finances” is using lots of graphics to get the points across to you. Click on the booklet to sign up for a copy.