Discipline Is Your Best Friend

Like anything we do in life we need to apply a certain amount of discipline to the task at hand. Creating a budget is no different. Whether it’s recording on a daily basis what we spend or entering our spending into the ihatebudgets software programme it all requires some discipline. That’s why we have included a section on setting goals in the ihatebudgets training modules, to help you achieve what it is you really want. 

By working through your goals you will begin to develop the discipline to create your budget. The next step is to continue to fine tune it to the point where it is no longer a chore, and becomes a welcomed task, because you are now in control of your finances rather than your finances controlling you.

Free 5 Easy Steps To Budgeting

When it comes to reading articles on money, I really want it to be simple to understand.  The “5 Easy Steps To Taking Charge Of Your Finances” from Greg Bell is such a booklet. It aims at making the what, why and how to budget easier to grasp.

It is Greg’s belief that a budget must be simple so that you will enjoy setting up a budget and sticking to it.  If you have to spend your valuable time in doing a budget, put your efforts in and make it worthwhile.  From Greg’s experience, those who take the time to plan properly will have the confidence of getting a better lifestyle and will have fewer stresses when dealing with the surprises of everyday life.  In short, the following are the steps.

1.  Review your financial situation.
“Some couples go over their budget very carefully every month; others just go over them” – Sally Poplin

2. Create a cashflow sheet and prioritise your bills.
“I have enough money to last me the rest of my life, unless I buy something” – Jackie Mason

3. Break the problem down.
“My problems lies in reconciling my gross habits with my net income” – Errol Flynn

4. Setting Your Goals
“A budget should reflect your priorities and Values” – Gregory Bell

5. Get into action – do your income and expenses analysis.
“Momemtun turns dreams and plans into reality” – Aaron Bell

A picture is worth a thousand words, so this “5 Easy Steps To Taking Charge Of Your Finances” is using lots of graphics to get the points across to you. Click on the booklet to sign up for a copy.

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Our next upcoming issue is “5 Easy Steps For Teenagers To Taking Control Of Their Expenses ”.  You will automatically get a copy if you are registered for the first issue of “5 Easy Steps”.