My name is Kip and I have spent my career helping people save money on their mortgages. Over the years I have talked with many people about how to save money both with their mortgage and in their everyday lives. Now I am bringing my years of knowledge to you. Each week I will bring you a new money saving tip to help you keep more of your hard earned dollars in your pocket. Tune in weekly and if you or anyone you know needs help financing or refinancing your Wisconsin home please contact me.
Text From Video Money Saving Minute #045 - Budgeting Revisited
Kip Warzon NMLS 289451
Everyone should use some sort of a budgeting tool. Budgeting is the roadmap that leads to financial confidence. Following a budget puts you in control of your money instead of letting your money or debt control you. If you have a significant other, a budget will help you both to avoid spending mishaps that cause arguments. By using a budget you can create an emergency fund so you won’t be left wondering what to do when something unexpected happens. Budgeting also helps people to be more price conscious when shopping as well as pay more attention to how resources such as water, electricity, and gas are used around the house. A budget can also help you get out of debt and help you money save money for the future. Simply put, having a monthly budget in writing will help you track your money which will help you save your money. Download your free budget workbook by visiting http://tinyurl.com/TeamWarzon
How are you at budgeting your finances?Budgeting doesn't mean giving up what you enjoy, it means knowing where you money is going. Click play to learn more or read the text from the video below.
Money saving minute #006: Your Household & Personal Budgets (text from video)
Some people are very good at budgeting yet others need a little help. Either way, having a budget in writing is helpful. Below this video is a link to download an Excel workbook to help put your personal budget in writing.
For those of you that are good at working with a budget this workbook will help you stay on track. It will also help you achieve your saving goals by helping you track where you money is going. Also, when two or more people are working within the same budget having a spreadsheet like this set up will help to avoid those little misunderstandings that lead to money arguments.
For those that are not so good at budgeting, or those that are confused as to how to start a budget, let’s talk budgeting 101. Budgeting does not mean going without. Budgeting simply means knowing where you money is going.
Step one, download the workbook. It’s free so it will fit into your new budget. Step two, take a look at all of the categories but don’t fill in any numbers yet. Step three, for the next 30 days carry a small notebook with you and track your spending. Write down every purchase from grocery shopping to your lunchtime vending machine soda to the five dollars you put into the football pool. Step four, gather up all of your bills as well as your last two paycheck stubs. Step five, make a list of all of the non-monthly expenses that come up such as buying birthday gifts, vehicle registration and planning for your medical deductable. Step six is to take all of this data and start building your budget. As you are entering in your information look for things that you can do differently to help you save money but be realistic. If changing a spending habit looks good on paper but you truly don’t have any intention of changing that habit then there is no sense in writing it down. Finally, for those that struggle with budgeting due to impulse buying, check out Money Saving Minute #002, The 30 Day Rule.
This has been money saving minute number zero zero six. It’s your cash and watching the The Money Saving Minute each week will help you keep more of it. Click to the right to subscribe so you don’t miss any money saving tips and click the facebook button below to share this with your friends.
