Preparation
Now that you’ve finished the first two steps (if you’re new to this series, please start at the beginning), recording your finances and budgeting, we are ready to start thinking of those oddball expenses that don’t happen every month. Your normal budget is excellent at helping you control your money from month to month. You have a decent idea how …
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Posted under Budgeting, Series
Written by Matt on October 24, 2008
Preparation
Now that you’ve got a bit of history on your spending (you did start to record your spending, right?), let’s start working on a budget. Yes, I said it, that nasty ‘B’ word! Budget has such a nasty connotation to it, but it really isn’t a bad thing.
It’s always a good time to start a budget. I actually made my first real budget in the middle of my layoff (and you wouldn’t …
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Posted under Budgeting, Series
Written by Matt on October 6, 2008
Why is this step important?
I spent my 20’s not paying much attention to my finances. If I needed something, I’d put it on my credit card without a thought. My wife and I both had good incomes, our mortgage was low, I never even considered that I was slowly digging myself deeper into debt. When we had a child we lost my wife’s income and suddenly it hit me… Where did all my money go?
When I took a hard look at my …
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Posted under Budgeting, Series
Written by Matt on September 29, 2008
