PURPOSEFULLY PROFESSIONAL: HOW TO DEVELOP A REAL WORLD BUDGET

The following post was taken from Payoff Life, 5 Simple Steps to Create a Successful Budget. Read the full article here.

In order to manage your money well, you must develop a budget. Budgets help us pay off bills and save for vacations. Payoff Life shares the following five steps in order to create a sound budget:

1. Calculate Expenses
2. Determine Your Income
3. Set Savings and Debt Payoff Goals
4. Record Spending and Track Progress
5. Be Realistic

To read more on following these steps and starting your financial plan, click here.