1.09.2017

5 Actions to Take Before you Start a Budget

On this edition of Monday Money Pulse, I am sharing 5 actions to take before you start creating your budget. These tasks will help give you the foundation for a great budget and help you stay motivated on your financial journey!

A Video Series dedicated to getting your finances and money in order.



Watch the Video now: 



Free Printable Checklist of Budget Tasks
Budget Checklist


Not a Video Watcher? Here's the rundown:

If you are wanting to start a budget or are looking at reworking yours here are 5 tasks you should do before you actually run the numbers so you can set yourself up for success!
  1. Understand your why. There are many different reasons people choose to create and follow a budget. Knowing your "why" will help you stay motivated and focused.
  2. Account for all your income, even if you have irregular income. Don't forget to think about future income changes.
  3. Calculate all your monthly, quarterly, and yearly bills. Remember the "forgotten expenses" 
  4. Tally up all of your household and living expenses. These expenses in contrast to bills are not strict amounts you need pay. 
  5. Decide on a financial goal, a time to "check-in, and a method to track your spending.

Tell me what the hardest part of budgeting is for you personally. I may choose your idea for the #MMPulse reader question the last Monday of every month! 











**This post is shared on Thrifty Thursday's!

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A Video Series dedicated to getting your finances and money in order.

3 comments:

  1. I LOVE when there are simple, straight-forward steps to follow! Budgeting can get so complicated (okay, I MAKE budgeting so complicated), but this is such a perfect way to start. Thanks for sharing!

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    Replies
    1. I think budgeting just overwhelmes people in general and there is such an emotional side to it. I like to give simple steps to help ease the big scary B-WORD! Thanks for stopping by!

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  2. I love tip #5! Setting goals is key to making progress in your finances. AND in staying motivated!

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