Creating an Effective Budget

By Bill Knight / June 17, 2016

The best way to acquire financial security is to have a sound budget. With a realistic budget, you can have more money to plan that vacation or buy that awesome big screen TV with the surround sound system. In order to indulge in these luxuries without utterly destroying your bank account, you need a budget.

Not to worry, though!  It’s not as bad as it sounds. It’s actually quite simple.

 

How Much Do I Make?

The backbone of any budget is based on how much you make. Even if your income is lower than you’d like, you can still budget successfully, but it’s important to know what you have to work with in order to create a balanced budget.

When budgeting, it’s critical that you use your net income as opposed to the gross, that is, the amount after… Read More