Get some help
to keep your budget on track
Making a budget isn't much fun this festive time of year, but it makes sense. At the end of the year, you can look back at all of your spending — and overspending. And it's the perfect time to plan for the year ahead.
Here are three ways to make that happen:
There are separate pages to track monthly and yearly expenses and even seasonal expenses such as holiday gifts. Everything has a place in this excellent workbook, and it will help you avoid surprises and family fights over money.
Then every time you log on securely to this software on your desktop or laptop, the program updates your latest balances, transactions and securities or mutual fund prices. All your spending is categorized, either in Quicken's pre-arranged and suggested tabs or in categories that you create.
With another click, you can view all your spending in a bar chart or pie chart, making it easier to stay within your own budget limits. Plus, you never have to search far to see how much you've paid any one person or company; one click shows each payment to the electric company or doctor's office.
It's easy to get hooked on Quicken because it is so empowering. Just start with the easy stuff, like tracking your spending in the year ahead. The patterns will soon become apparent — and your spending can become more predictable.
What could be more convenient than having your budget right in your hand, reminding you to stay on track?
What do all three of these budgeting methods have in common? They all require you to make the commitment to get control of your finances. Once you know where all of your money is going, you can make smarter decisions and avoid the anxiety of running short at the end of the month.
This deep dive into your spending might lead to a decision to make some automatic contributions to a retirement plan or an emergency fund. When it comes to money, knowledge is power. And that's The Savage Truth.