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Budget Management
Tips That Work
JANINE BARATTA
Prioritize Essentials
Start by identifying and prioritizing essential expenses such as
housing, utilities, groceries, and transportation. Allocate a
portion of your income to cover these necessities first.
Create a Realistic Budget
Work with your income, different from what you wish you had.
Janine Baratta advises creating a detailed budget for all expenses
and income sources. Be realistic about your financial situation to
avoid overspending.
Set Clear Financial
Goals
Establish specific financial goals,
whether building an emergency
fund, paying off debt, or saving for
a future expense. Having clear
objectives will keep you motivated
and focused.
Emergency Fund Priority
Whenever possible, prioritize building an emergency fund. Even
small contributions can provide a safety net for unexpected
expenses, reducing financial stress.
Identify non-essential
spending, such as dining
out, subscription
services, or impulse
purchases, and consider
cutting back or
eliminating these
expenses.
Cut Non-Essential Expenses
Thank you.

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Budget Mastery for Short Incomes | Janine baratta

  • 1. Budget Management Tips That Work JANINE BARATTA
  • 2. Prioritize Essentials Start by identifying and prioritizing essential expenses such as housing, utilities, groceries, and transportation. Allocate a portion of your income to cover these necessities first.
  • 3. Create a Realistic Budget Work with your income, different from what you wish you had. Janine Baratta advises creating a detailed budget for all expenses and income sources. Be realistic about your financial situation to avoid overspending.
  • 4. Set Clear Financial Goals Establish specific financial goals, whether building an emergency fund, paying off debt, or saving for a future expense. Having clear objectives will keep you motivated and focused.
  • 5. Emergency Fund Priority Whenever possible, prioritize building an emergency fund. Even small contributions can provide a safety net for unexpected expenses, reducing financial stress.
  • 6. Identify non-essential spending, such as dining out, subscription services, or impulse purchases, and consider cutting back or eliminating these expenses. Cut Non-Essential Expenses