Budgeting 101: A Guide to Creating Your First Budget.
Creating a budget is your first step to controlling your finances and maintaining sanity in your financial life. A budget can give you better control and the ability to micromanage your money in great detail, it also provides cash flow info for your home or business. In many cases the solution to money problems might be to find additional and new sources of income, but in some cases better budgeting might be all you need. Budgeting mostly involves using lots of common sense but some points to remember when starting a budget are to A) Create and Stick to the budget. B) Keep the budget realistic. C) Don't Panic over minor deviations. D) Read up on budgeting and financial tips. Creating and Sticking to the budget You can create your budget using various tools such as Microsoft office, quicken, budgeting workbooks, online worksheets etc. After you've decided which tool works best for you, you'll need to create your budget based on your income and preferences