SELF IMPROVEMENT

about budgeting
1. The first, and probably most important budgeting strategy, is to pay yourself first. Put aside at least 2% of your annual income to cover unexpected expenses. 2. Another good strategy for maintaining tight control over your budget is to minimize debit card use; use cash instead. Spending cash also has more emotional impact, so this can help limit frivolous spending.
3. Make your payments automatic. Setting up your regular bills to pay by either auto-draft or online automatic payment can help by greatly reducing the amount of work you do each month to pay your bills. By reducing payment date variance that is inevitable with mailing handwritten checks, you create a more consistent bill paying schedule that is easier to track and budget.