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    Budgeting Step by Step
    Budgeting Step by Step
    Budgeting Step by Step
    Ebook66 pages57 minutes

    Budgeting Step by Step

    By Larry Darter

    4/5

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    About this ebook

    Budgets shouldn't feel restrictive but empowering. Learning how to budget shouldn't be a dreary or tedious experience. Want to become a better money manager by learning how to make and keep a budget that works for you? This step-by-step guide to creating a budget shows you how by providing you all the essential information on budgeting in an understandable and easily digestible way. Topics include;

    •Establishing and prioritizing financial goals
    •Budget forms
    •Choosing a budget format
    •The nuts and bolts of making a budget
    •How to stay on track with your budget
    This book also shows you why developing the habit of regular saving is so important to successful budgeting and building a solid financial future.

    LanguageEnglish
    PublisherLarry Darter
    Release dateApr 22, 2016
    ISBN9781311711007
    Budgeting Step by Step
    Author

    Larry Darter

    Larry Darter is an American author best known for his crime fiction novels written about the fictional private detective Malone. He is a former U.S. Army infantry officer, and a retired law enforcement officer. He lives with his family in Oklahoma.

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    • 4/5
      Great and entertaining book. Wish it was more on depth of creating a budget

    Book preview

    Budgeting Step by Step - Larry Darter

    BUDGETING

    Step by Step

    By Larry Darter

    Smashwords Edition

    Copyright 2016 Larry Darter

    This electronic book is licensed for your personal use only. This electronic book may not be re-sold or given away to others. This electronic book may not be reproduced, copied, or distributed for any commercial purpose. If you would like to share this book with others, please purchase an additional copy for each recipient. If you're reading this book and did not purchase it, or it was not purchased for your use, please visit your favorite electronic book retailer and purchase your own copy. Thank you for respecting the work of the author.

    Cover image courtesy of Stuart Miles at FreeDigitalPhotos.net

    Contents

    1 Why So Many People Don't Have a Budget

    2 Why You Need a Budget

    3 Setting Goals

    4 Paycheck Frequency

    5 How to Make a Budget

    6 The Minimalist Approach to Budgeting

    7 Staying on Budget

    8 Keeping Your Budget Updated

    9 The Ten-Percent Solution

    10 Final Thoughts

    1

    Why So Many People Don't Have a Budget

    There are some people who, if they don't already know, you can't tell 'em. Yogi Berra

    If you've heard it once, you've heard it a thousand times. You need a budget. Financial experts have been repeating it like a mantra for years. You've read in every personal finance book you've ever picked up to read. You probably even heard it from your parents.

    Chances are, by now you're probably sick of hearing about budgets. But it's one of those financial lessons so important that it bears repeating, you do need a budget.

    Few people enjoy making and keeping a budget. According to a Gallup poll, only 32 percent of Americans put together a budget each month to track income and expenses. Just 30 percent have a long-term financial plan detailing savings and investment goals. And as the old adage goes, failing to plan is a plan to fail.

    Here, in no particular order, are five reasons people most often give for not having a budget, in no particular order:

    Budgets are too restrictive.

    Don't know how to make a budget.

    Making and keeping a budget is too time consuming.

    Making a budget is too complicated.

    Budgets never work.

    Budgets aren't really restrictive at all. Consider this analogy. A speed limit sign has no power to prevent you from speeding. A speed limit sign merely informs you what the maximum speed limit is at a particular location and forces you to think about the possible consequences of a decision to exceed the speed limit when you are running late and tempted to drive too fast. Hopefully the sign gives you pause to think about the potential unpleasant consequences of speeding should you be caught by the police; consequences like receiving a traffic ticket, having to pay a fine, and paying higher insurance premiums for the next couple of years. A budget is quite similar.

    A budget has no power to stop you from living beyond your means. It will only inform you of your spending limits based on your income and your particular monthly expenses at a particular point in time. Having a budget forces you to consider the possible consequences of a decision to live beyond your means when you are tempted to spend money for something you really can't afford. Hopefully just as speed limit signs can sometimes remind us that speeding is almost never worth the risk, a budget also can dissuade us from living beyond our means. But you can still choose to ignore your

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