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HOW TO MANAGE YOUR MONEY     BENEFITS OF BUDGETING
BENEFITS OF BUDGETING            Budgeting is the only            way to get a grip on            your spending - and     ...
BENEFITS OF BUDGETINGBUDGETING CAN HELP YOU:•Identify where you spend your money•Organize your day to day finance into bal...
BENEFITS OF BUDGETINGBUDGETING CAN HELP YOU:•Guide you in planning your long-term financial goals•Identify errors made by ...
BENEFITS OF BUDGETINGDO YOU KNOW WHERE YOUR MONEY IS GOING?An accurate budget will indicate those areas where most of your...
BENEFITS OF BUDGETINGBUDGETING CAN SAVE YOU MONEYOnce you have reviewed your expenditures over time youwill discover were ...
BENEFITS OF BUDGETINGBUDGETING CAN GIVES YOU OPTIONS2. Reducing your hire purchase debt by replacing it with   a credit un...
BENEFITS OF BUDGETINGBUDGETING CAN GIVES YOU OPTIONS4. Consider foregoing one big purchase a year. Using   your budget you...
BENEFITS OF BUDGETINGCONCLUSIONYou can avoid living from pay cheque to pay cheque by creatinga budget that suits your life...
BENEFITS OF BUDGETING    THANK YOU FOR      WATCHINGFOR MORE INFORMATION     PLEASE VISIT www.howtomanageyourmoney1.blogsp...
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Benefits of budgeting

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Do you really know where you money is going. Learn the Benefit of Budgeting and start tracking your money today. Learn more at www.howtomangeyourmoney1.blogspot.com

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Transcript of "Benefits of budgeting"

  1. 1. HOW TO MANAGE YOUR MONEY BENEFITS OF BUDGETING
  2. 2. BENEFITS OF BUDGETING Budgeting is the only way to get a grip on your spending - and to make sure your money is being used the way you want it to be used.
  3. 3. BENEFITS OF BUDGETINGBUDGETING CAN HELP YOU:•Identify where you spend your money•Organize your day to day finance into balance•Develop good spending and saving habits
  4. 4. BENEFITS OF BUDGETINGBUDGETING CAN HELP YOU:•Guide you in planning your long-term financial goals•Identify errors made by your bank or credit cardcompany•Prepare for shortages in income or emergencyexpenditures•Gives you peace of mind that you are managing your
  5. 5. BENEFITS OF BUDGETINGDO YOU KNOW WHERE YOUR MONEY IS GOING?An accurate budget will indicate those areas where most of yourmoney goes. Often this can lead to some big surprises when wediscover where our money goes. This could include:· Restaurant meals· Entertainment· Cellular phone call/texting· Discretionary expenses including snacks and impulse purchases
  6. 6. BENEFITS OF BUDGETINGBUDGETING CAN SAVE YOU MONEYOnce you have reviewed your expenditures over time youwill discover were you can cut back to help you reachyour financial goals. You can also consider these options:1. Saving some of your income - Develop short & long term saving plans with a bank or Credit Union for vacations, children college funds or retirement.
  7. 7. BENEFITS OF BUDGETINGBUDGETING CAN GIVES YOU OPTIONS2. Reducing your hire purchase debt by replacing it with a credit union loan - It is obviously more benefitual to reduce a higher monthly hire purchase payment plan to one that is lower and more manageable.3. Lowering credit card cost by considering switching to one that charges a lower interest rate or lower fees.
  8. 8. BENEFITS OF BUDGETINGBUDGETING CAN GIVES YOU OPTIONS4. Consider foregoing one big purchase a year. Using your budget you can identify a major expense that you can forego or minimize to save more money. For example, travel or home furnishing purchases can be delayed in the name of economizing.
  9. 9. BENEFITS OF BUDGETINGCONCLUSIONYou can avoid living from pay cheque to pay cheque by creatinga budget that suits your lifestyle and identifies the majorincomes and expenses for your household and better plan forthem in the future. The benefits you will gain by learning howto budget your money will far outweigh the sacrifice of timeand effort that you make now by creating a budget. Thedecision is yours... choose wisely.
  10. 10. BENEFITS OF BUDGETING THANK YOU FOR WATCHINGFOR MORE INFORMATION PLEASE VISIT www.howtomanageyourmoney1.blogspot.com

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