- Do you know how much you spend each month?
- If you suddenly had no income for 6 months would you be ok?
- How would you change your lifestyle if you needed to save more to meet your goals?
- Do you carry balances on your credit cards?
Budgeting is not an issue for everyone, but for some, hearing the word “budget” makes them cringe. They think of tedious record keeping and deprivation. But all budgeting means is understanding what is coming in and going out of your household. We call this developing a cash flow/spending plan.
We cover the difference between good and bad debt, define how much should be set aside for emergencies, and if needed, we work to gain control over spending and debt challenges.