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Because nature abhors a vacuum, everyone needs a budget. Even if you have no income at all, having a budget helps determine how much income you need to develop in your business and career pursuits; and once you attain your desired income, your budget can help you manage it consciously, intentionally, deliberately, and responsibly.
The budget breaks down annual benchmarks from the Lifetime Savings Plan into monthly goals, and factors in all the other things like routine expenses, short term savings, debt service, taxes, charitable giving, income seasonality, and more. Because there is no such thing as an "average month", we work out budgets month-by-month, using monthly averages to create short-term savings plans that regulate irregular expenses, kind of like an internal Escrow account. In all humility and candor, after twenty years of research and development it may be honestly said that the Making End$ Meet budget template is the best available anywhere. |
A Little Budgeting Poem
August, 2015 I've looked around; The myths persist. The average month Does not exist. |
Dispelling Budget Myths
Short-Term Savings Plan example
Income and wealth are very, very different.
While income is an obviously necessary piece of the puzzle, it's just the first piece.
What matters just as much, if not more, than the amount of income is whether, and how, it is managed.
Here are two lists: highest-paid celebrities, and wealthiest Americans. Notice how the two lists are very, very different. The moral of the story is that management is just as important, if not more important, than income.
If you need to improve your income, fine. Here's help for that. Once you have the income you want, however, the greater challenge, and the more valuable skill, is in managing it well through careful long term planning, budgeting, accounting, saving, and investing.
For help with any or all of the above, please contact us.
What matters just as much, if not more, than the amount of income is whether, and how, it is managed.
Here are two lists: highest-paid celebrities, and wealthiest Americans. Notice how the two lists are very, very different. The moral of the story is that management is just as important, if not more important, than income.
If you need to improve your income, fine. Here's help for that. Once you have the income you want, however, the greater challenge, and the more valuable skill, is in managing it well through careful long term planning, budgeting, accounting, saving, and investing.
For help with any or all of the above, please contact us.
Bewildering choices: to prevent gaming the system, Google Play displays search results randomly. It won't sort.
Each app has its own "way" of doing accounting and budgeting. Which one is best?
Each one has an infinite variety of ways to look at your finances. Meanwhile there are only two views you really need:
Here is a sensible comparison of good accounting and budgeting solutions. For more info, please visit the Accounting page.
Each app has its own "way" of doing accounting and budgeting. Which one is best?
Each one has an infinite variety of ways to look at your finances. Meanwhile there are only two views you really need:
- Change in Net Worth, and
- Income & Expense Budget Comparison over whatever time period you want - not just days, weeks, or months, but more importantly, seasons and years.
Here is a sensible comparison of good accounting and budgeting solutions. For more info, please visit the Accounting page.
