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Budget Planning Tips

The document provides tips for effective budget management to achieve financial goals by prioritizing expenses into needs and wants. It suggests tracking spending through apps or spreadsheets and emphasizes the importance of creating a realistic budget that includes income, savings, fixed, and flexible expenses. Regularly reviewing and adjusting the budget is also recommended to evaluate progress and make necessary changes.

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tylerkurson
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3 views

Budget Planning Tips

The document provides tips for effective budget management to achieve financial goals by prioritizing expenses into needs and wants. It suggests tracking spending through apps or spreadsheets and emphasizes the importance of creating a realistic budget that includes income, savings, fixed, and flexible expenses. Regularly reviewing and adjusting the budget is also recommended to evaluate progress and make necessary changes.

Uploaded by

tylerkurson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Budget Planning Tips

Effective budget management empowers you to achieve your


financial goals.
Prioritize Your Expenses
Needs Wants

Essential expenses: housing, food, utilities Non-essential expenses: entertainment, dining out
Track Your Spending
Apps Spreadsheets
Mint, Personal Capital, YNAB Manual tracking, greater
control

Budgeting Tools
Analyze spending patterns, identify savings opportunities
Create a Realistic Budget
Income
1 Net income after taxes

Savings
2
Emergency fund, retirement

Fixed Expenses
3
Rent, mortgage, bills

Flexible Expenses
4
Food, entertainment
Review and Adjust
Your Budget Regularly
1 Monthly review, adjust as needed

2 Evaluate progress, celebrate successes

3 Make necessary adjustments, stay on track

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