Using Your Budget at its Fullest
When you want to save, you have to ensure that you are dedicated to the task. There are no shortcuts to saving; it will take time and dedication on your part in order to reach any goals you may have set.
To help keep you on the path of saving you need to stick with any budget that you set for yourself. Whether or not you keep to your budget will require a lot of effort on your part, however if you take the necessary steps you will find yourself easily saving towards your goals.
Creating a budget is essential to this entire process. As such you will want to keep in mind a few points when making your budget.
Your budget does not have to be the bare minimum to survive. Rather it should be taking into consideration your lifestyle and what you can afford to do each month, which includes a few luxuries here and there.
When you do create your budget, be sure to include money for the necessities first. This includes how much you will be putting away into your savings account each month, what you need to pay your bills and money for any entertainment expenses.
At the end of the day, by following your budget you will be able to save without the stress, and if you happen to stray off the path of your budget, you will be able to get back on track once you begin to follow your budget again.
Wayne
Domo Kun
Dalton
voidtalk
David Samson
Comments (3 )
Yes indeed, a budget is in fact the only way to go. A wise person once told me to have four bank accounts. Two of them checking and two of them saving. You need to put 70% into checking to pay your bills. The other checking account is for 10% which is for tithe or your giving account. The two savings are for 10% savings and 10% for debt (which is what you want to avoid).Whenever you can, pay down your debt to get rid of it. What you have left over in your bill checking every month you can put towards your debt and savings. Make one of your monthly bills a date night out for you and your spouse, 1 X weekly. This will pay huge dividends in your relationship. Best of luck.
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Budgeting is definitely more important than ever. Here are some budgeting templates to help your readers, Steven: http://office.microsoft.com/en-us/templates/CT101172321033.aspx.
And, I’m sure the community at the Excel page on Facebook would really value your expertise and insight. You can share with them at http://www.facebook.com/microsoftexcel
Cheers,KIMMSFT Office Outreach Team
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Saving is vitally important!
Thanks Kim for providing those templates, I am sure they will come in handy
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