Photo courtesy of eric731
We never had a budget. But, once my wife quit her job, we knew it would benefit us to understand our finances with greater detail. We needed budget help. We wanted practical ways to save money.
Our financial adviser, Nate, had us fill out some budgeting tools. We filled in all of our financial information such as our:
Doing all of this consumed a lot of time. It was not a fun process. But, knowing where we stood financially was worth it all.
Getting the hard numbers created an awareness around our financial position. This awareness, just like freedom, creates choices. If we don't know where we are in the map, how do we know where we are going?
Here are some steps to take when determining and adjusting your budget to fit your needs.
Yes! Consider spending your money on more productive items and services. These can be coaching courses, books on financial freedom, and other learning material that can help improve you.
As a result, you could turn those expenses into an extra income stream.
Seeking budget help gives you the head start to efficiently and effectively track your income and expenses. Sure, there are ways to make quick money. But, if you don't know where your money is going, you may miss where the leaks are.
Knowing the figures and where you stand financially makes your journey towards financial freedom a smoother one.
|Subscribe to our Financial Freedom Newsletter and get your FREE As a Man Thinketh e-book.
And, stay up-to-date with all that's new at choose-financial-freedom.com. Subscribe to the RSS feed at the bottom of the navigation bar over on the left. What's an RSS feed?
|Copyright © 2008-2010 Choose-Financial-Freedom.com|