Develop a Budget
and Live by It
When it comes to finances, people
generally fall into one of the four groups. Where
do you fit in?
View the sample budget developed from
the information gathered above.
Using the sample budget as an example, track your income and expenses.
Identify changes you can make to increase your income or decrease your
expenses, and develop a new budget that includes more savings. Be sure
to make reasonable budget changes that you can live with month to month.
In other words, get on automatic pilot and stay there.
|To help you maintain the discipline to save:
- Save every month.
- Have savings automatically deducted from your paycheck or
- Base your budget on what's left.