A carpenter uses a set of house plans to build a house. If he didn’t the bathroom might be overlooked altogether.
Rocket Scientists would never begin construction of a new booster rocket without a detailed set of design specifications. Yet most of us go blindly out into the world without so much as an inkling of an idea about finances, and without any plan at all.
When you think of it, it’s not a very smart approach, is it?
A money plan is called a budget and it is crucial to helping us achieve our desired financial goals.
Without a plan we will drift without direction and end up marooned on a distant financial reef, or peril will befall us and our plane will crash leaving us stranded on a deserted island, miles off course like Tom Hanks in Castaway.
If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are…long term and short term.
Then plan your route to achieve those goals. Every journey begins with one step and the first step to attaining your goals is to make a realistic budget that both of you can live with.
A budget should never be a financial starvation diet. That won’t work for the long haul. Make reasonable allocations for food, clothing, shelter, utilities and insurance and set aside a reasonable amount for entertainment and the occasional luxury item. Savings should always come first before any spending.
Even a small amount saved will help you reach your long term and short term financial goals. You can find many budget forms on the internet. Just use any search engine you choose and type in “free budget forms”.
You’ll find lots of hits on Google and Yahoo. Print one out and work on it with your spouse or significant other. Both of you will need to be happy with the final result and feel like it’s something you can stick to.
About this company:
Focus Liquidity is committed to helping distressed debt companies find a workable solution for their funding requirements, whilst providing every day people with access to a bigger piece of the money pie. If you are either a small to medium business seeking funding for a viable venture, or you are someone with a small amount of money (even as little as $1,000) and would like to maximise your returns, contact us today. We might have a solution.
We look forward to hearing from you.
Paul Lange
CEO, Focus Liquidity
Monday, July 6, 2009
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