Gives 4 steps to preparing a budget
Four Steps To Preparing A Budget
By Jo Ann Brown Author - Getting Started On Your 401(k) Plan
Step 1 - Figure out how much income you have. Add all of your income sources together.
Take home pay
Step 2 - Write down what you think you will be spending in the following categories:
Rent or Mortgage
Lunches at work
Home cleaning/repair supplies
Recreation and Entertainment
Step 3 - After you have created your budget, you need to keep records of your actual income and expenses. This will help you see the difference between the amount you budgeted and what you actually spent.
Step 4 -As you track your monthly expenses, you may need to trim expenses. Cutting back is usually a better place to start than cutting out. Youll be better prepared for emergencies if your budget is realistic and if you use it to guide your expenses.
Web Site: Getting Started On Your 401(k) Plan
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