I wonder why we only talk about resolutions at the beginning of each new year. Shouldn't resolutions be at the forefront of our thinking on a regular basis? Last week, we suggested that it is important for all villagers to set specific financial goals.
This week we remind all villagers about the importance of developing a budget. After all, the first step in developing a smart savings plan is to put together a budget. Make it simple. Begin by totaling all your income -- wages, salaries, dividends, interest and other regular income.
Next, list two types of expenses: Those which are fixed each month and those which vary.
Once you know how you're spending your money, take a look at those variable expenses that can be reduced or eliminated.
I hope that these reminders are helping you as much as they are helping me! Do you have a budget up & running right now?
