Sometimes a little practical advice is in order… Personal finance isn’t really about money, it’s about managing your life.
You have goals or at least an idea of how you’d like your life to look. It may include being debt free or living in a four bedroom home. It might be to retire with money or create college funds for your kids.
Whatever your goals or ideas are, you must get a handle on your finances so you can make progress.
- Tell your money where to go.
- Spend less than you earn.
- Achieve financial success.
A budget will do this and more.
Budgeting can be tricky however. It’s a process. Mainly because it requires tweaks. Many of us say forget it if it doesn’t work out perfectly the first go around.
Schedule the time to sit down and create an effective budget that will last more than a week.
This is where Craig Ford comes in.
His new eBook, The Secret to a Successful Budget: Practical Advice for Creating a Budget That Lasts is designed to help you create a budget that works, for you.
This book will teach you how and why you should create a budget. It provides advice and tips with solid methods and steps to get it right.
Creating what Craig calls Financial Focus is essential (pick one major task at a time). For instance, paying off all your debt. Once your Financial Focus Point is determined, you attack it with your budget.
Just because there’s money in the checkbook doesn’t mean there is money to spend. Check your budget. –Craig Ford
If you’re having a tough time making ends meet, Craig explains where to cut expenses and how. Here’s a few BIG ones…
- House payment more than 50% of your income? Start thinking about downsizing.
- Vehicle 25-30% greater than your income? Danger zone.
- Fixed expenses more than 80%? Make some changes, quick.
A budget is the essential component to any healthy financial plan. An effective budget has many rewards. Work on making an effective budget today.
Win a free copy of The Secret To a Successful Budget eBook by Craig Ford. To enter, simply comment below and tell us one of your financial goals. This contest is only open to MainstreamMom subscribers. Not a subscriber? It’s quick and easy to become one by clicking here. TWO winners will be picked March 15, 2011!
Congratulations Brooke & MJ on your free copy of Craig’s e-Book, ENJOY!
