![]() Rather than treating a budget like it’s a starvation diet, you’re putting yourself in control of an organized financial plan. That’s a shift in thinking, Poorman says. ![]() To “back in” to it, pay critical expenses first, and then decide what to do with the rest. Think of a budget as a tool that organizes your monthly cash flow to include your saving and investing goals. The reality is that most of us overspend just because we don’t have a focused plan. “Some people resist doing a budget because they think it’s going to restrict them from spending the way they want,” says Stanley Poorman, a financial professional with Principal ®. (Budget.) Where can you cut back? What are your priorities? When you can “find” extra money to save and invest (and potentially grow), goals can become more attainable. If you’re short money for a goal, how do you fund that? Make note of the current savings you’ve put toward each. Then complete our financial goals worksheet (PDF). ![]() Read: "5 steps to setting your yearly financial goals."
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |