6 STEPS TO CREATE A MONTHLY BUDGET
- Mar 2, 2017
- 1 min read
I decided to take the time to create an instructional slideshow/video on how to create your very own budget. The video has more information in addition to the 6 step process to create your own budget. It's the first week of the month and no time could be more perfect. Along with the video below, I have listed the steps separately for you to view. Check it out!!
CLIENT PROFILE
1. STEP ONE - DETERMINE YOUR INCOME
2. STEP two - select budget categories
3. STEP three - assign dollar value to each category
4. STEP four - total all expenses
5. STEP five - calculate your net cash flow
6. STEP six - assign your cash flow to an expense
Budgets help us establish margin between our expenses and income. I've heard that margin be referred to as "The Gap". The bigger your gap is, the better. Let's get in control by knowing where our dollars are going, keeping expenses low, and constantly increasing our margin. #TheGAP
LUKE 14:28
"Suppose one of you wants to build a tower. Won't you first sit down and estimate the cost to see if you have enough money to complete it?"
(A plan for our money is needed before we continue to build upon our lives. We must ensure we have enough to maintain the life we have in front of us.)
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