Creating a Budget
Creating a budget is also known as creating a spending plan. It may not be the most entertaining use of your time, but from personal experience it is a must do for anyone who has an income. Have you ever cashed your paycheck and a few weeks later wondering where all the money went? Budgeting and tracking all of your expenditures will graphically illustrate exactly what you are spending your wealth on.
One of my adult children was always coming up short for one thing or another, and would invariably ask “Mom can I borrow some money until next pay day?” The third time this occurred I agreed to loan the funds on the condition that she sit down with me and create a budget, and further, that she save the receipts for all of her expenditures for one month. It was really an eye opener for her. (She was spending around $200.00 a month on soda pop alone.) She started her budget about three years ago and has not had to borrow since…
If you are interested in creating a budget there are some excellent web sites available to assist in the endeavor. A couple of my favorites are: http://www.moneyhelpforchristians.com/how-to-make-your-first-budget/ http://www.faithandfinance.org/2011/06/how-to-make-a-budget/ Works Cited
Ford, C. (2010, Jan 2). How To Make Your First Budget. Retrieved Jan 17, 2012, from Money Help For Christians: http://www.moneyhelpforchristians.com/how-to-make-your-first-budget/
Tim. (2011, June 13). How To Make A Budget. Retrieved Jan 17, 2012, from Faith and Finance:
One of my adult children was always coming up short for one thing or another, and would invariably ask “Mom can I borrow some money until next pay day?” The third time this occurred I agreed to loan the funds on the condition that she sit down with me and create a budget, and further, that she save the receipts for all of her expenditures for one month. It was really an eye opener for her. (She was spending around $200.00 a month on soda pop alone.) She started her budget about three years ago and has not had to borrow since…
If you are interested in creating a budget there are some excellent web sites available to assist in the endeavor. A couple of my favorites are: http://www.moneyhelpforchristians.com/how-to-make-your-first-budget/ http://www.faithandfinance.org/2011/06/how-to-make-a-budget/ Works Cited
Ford, C. (2010, Jan 2). How To Make Your First Budget. Retrieved Jan 17, 2012, from Money Help For Christians: http://www.moneyhelpforchristians.com/how-to-make-your-first-budget/
Tim. (2011, June 13). How To Make A Budget. Retrieved Jan 17, 2012, from Faith and Finance:
Cited: Ford, C. (2010, Jan 2). How To Make Your First Budget. Retrieved Jan 17, 2012, from Money Help For Christians: http://www.moneyhelpforchristians.com/how-to-make-your-first-budget/ Tim. (2011, June 13). How To Make A Budget. Retrieved Jan 17, 2012, from Faith and Finance: http://www.faithandfinance.org/2011/06/how-to-make-a-budget/