BASICS

A budget acts like a New Year's resolution but helps manage finances effectively. Discover common misconceptions about budgeting, best practices for every budget, and ways to tailor a budget to your lifestyle. Prioritize savings, base your budget on take-home pay, and focus on monitoring your budget rather than just your balance.

• Budgeting
• Money Management
• Savings
• Financial Planning
• Personal Finance

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Uploaded on Feb 15, 2025 | 0 Views

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Presentation Transcript

1. Budgeting BASICS BROUGHTTO YOU BY

2. A budget is likeaNewY ears resolution. We all knowit s designed to help us, and yet we have so much trouble sticking to it.

3. CommonBudgeting MISCONCEPTIONS

4. Having abudget meansfeeling guilty about spending your money on fun stuff.

5. Having abudget meansfeeling guilty about spending your money on fun stuff.

6. In order for abudget to be successful, you need to switch to asuper-frugal lifestyle.

7. In order for abudget to be successful, you need to switch to asuper-frugal lifestyle.

8. Budgets keep you stressed.

9. Budgets keep you stressed.

10. Best practices for EVERYBUDGET

11. Find away to budget that works for you. Somepeoplelovetheir apps,andothers arehappy with pencilandpaper.

12. Base your budget income on your take-home pay. Thismeanssubtracting taxesandotherdeductions fromyourincome.

13. Take savings seriously. Giveyourmonthly savingscontribution the samepriorityasyour livingexpenses.

14. Check yourbudget, not yourbalance. Checking yourbalancedoesn tdo agoodjobof telling you whatyoucanandcan t affordeachmonth.

15. Build up an emergency fund. Aimfor3to 6 monthsof livingexpenses.

16. BROUGHT TO YOU BY It s aMoneyThing is aregistered trademark of Currency Marketing