PLANNING & BUDGETING
The famous quote says "Failing to plan is planning to fail" Benjamin Franklin. Before one can even think of attempting to get your finances in order you need the first foundational tool of financial management, a budget. A budget is simply a plan, but with numbers.
Some of the key principles and benefits behind budgeting include:
- Knowing and understanding all of your expenses
- Assigning your money and choosing what and how much to spend it on
- Gaining control over impulse spending and detrimental finance habits.
- Making the best and appropriate use of any excess funds you may have.
As this is the most important step in financial management you can have access to a FREE Money Manager tool, to help you budget, once you subscribe to the mailing list.