Sylvester Knox gives insight on how to create a budget to meet your financial goals.

1. Rest Easy:
Saving for
Retirement,
Part One
B Y S Y L V E S T E R K N O X

2. Step One:
Determine
Your Goals
Saving up for education is
different than saving up for a
vacation. The process will differ
slightly, so it is crucial to
acknowledge these differences
and plan according to your goals.

3. Step Two:
Calculate
Your Bills
Create a budget worksheet to
add up your bills, then subtract
them from your take-home pay.
The money you have left goes
toward everything else.

4. Step Three: Make a Game Plan
Write down the steps you want to take to achieve your goal. You
should, no matter your goal, estimate how long it will take you to
complete. This will give you a good idea of how close you are to
accomplishment.

5. Step Four:
Reevaluate
Your
Expenses
Keep a detailed list of each
transaction you initiate, as well as
your reasoning. Visually seeing
why you bought an item can help
you combat overspending, jog
your memory for unusual
purchases, and show you
spending patterns to eliminate.

6. Step Five:
Hold
Yourself
Accountable
As with any goal, there needs to be a
reward for success and a punishment for
failure, but you should keep in mind that
failure is not the end of your goal.

7. Thanks for
Watching!
For more information,
please visit
SylvesterKnox.net