Sunday, March 13, 2011

Budgeting Tips

I tried a lot of budgeting styles but only one succeeded in meeting my expectations. This style is the “pay yourself first” strategy.

Every payday my salary will be divided into two categories - savings and expenses. My savings include my insurance, long term health care, emergency fund, stocks and mutual funds. The excess goes to my expenses.

I keep myself on track through my budget tracker saved on my desktop. Everything is easy when you see how well you build your asset column so make sure you see it all the time. It will surely motivate you.

~Till then.

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