Budgeting To Live Within Your Means
Did you know that budgeting your money is fantastic way to actually save money?
At JustMilitaryLoans.com we’ve collected a few important tips to help you and your family stay on budget and on-track with your finances.
In order to start getting your finances under control, it’s always a good idea to get your family together and spend an afternoon making a budget. Even if you’re single, the same principals apply.
You don’t need fancy software of even a personal computer to create a good budgetary plan for you and your family. A simple lined notebook will do the trick.
Start with the basics by writing down all of the monthly categories you use. These categories often include food, clothing, children’s expenses, personal military loans, automobile loans and housing expenses.
Also, don’t forget to factor in optional luxuries like new furniture or vacations which can carry a hefty price tag and set you off -budget if not factored in.
Once you’ve collected your categories and written them down, look over your monthly bills, checkbook register and begin keeping grocery store and other retail receipts so you can easily and realistically track all of your expenses.
The real trick and often shocking eye-opener about creating a budget is to write down every single expense no matter how small or insignificant it may be to you. You’ll quickly see a pattern as to where your money disappears every month.
Cutting back on eating out, expensive designer coffees, movies, and brand-name foods could easily save you several hundred dollars a month and that figure multiplied by 12 months could easily mean thousands saved!
For example, if after you complete your budget you discover you’re spending a total of $36.00 per week on going out or little extras you really don’t need, and begin to set that money aside in a savings account over a one year period, you will have save a whopping $1,872.00! And remember that amount is only by cutting $36.00 per week out of your expenses!
At JustMilitaryLoans.com we understand that you might need a little extra help for some unexpected expenses like an emergency or holiday gifts. JustMilitaryLoans.com wants to become your trusted financial partner and help you not only budget properly for these types of expenses, but also help you with all of your personal military loan needs.
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Edited by: Mary Davis