Do you budget or need a budget? I’ve found that I spend way more than necessary and often experience cash flow problems if I don’t practice some basic financial planning. The issues with budgeting are twofold:
- Based on what you’re going to earn in a given period, what are your expenses/investments and how are you going to allocate your money wisely and..
- when you plan have you considered the time of month that you’ll need your money to meet your obligations? This is called cash flow.
There are a ton of budgeting programs available today for free or small fee but I’ve found myself time and time again referring back to my tried and true Excel budgeting tools. This version of my budgeting tool is the one I use for managing my personal and business financial projections. It’s especially useful if you get income from multiple sources.
If you are interested in getting a copy for yourself visit my blog post at RateState.com to learn more or view the YouTube.com video below to see how it works and download a copy for yourself by clicking on the link below.
