How do you budget your life?

[GT Bulmer]

I believe strongly in Saving 10% of my income too. This is what I learn from the book."The Richest Man in Babylon"

Hi, Yinka:

"The Richest Man in Babylon" is one of my favourite inspirational business books, too! I have an old copy on my bookshelf, although I haven't read it for a few years.

GT

[sajis@yahoo.com]

Why Budget? Here are twelve good reasons:

A budget is a guide that tells you whether you're going in the direction you want to be headed in financially.
You may have goals and dreams but if you don't set up guidelines for reaching them and you don't measure your progress , you may end up going so far in the wrong direction you can never make it back.
Can you imagine the government or a major corporation operating without a budget?

No, and neither should you.
A budget can help you meet your savings goals.
It includes a mechanism for setting aside money for savings and investments...
A budget helps your entire family focus on...
A budget can keep you out of debt or help you get out of debt.
A budget actually creates extra money for you to use on things that matter to you.
A budget helps you sleep better at night because you don't lie awake worrying about how you're going to make ends meet.........................

[David Hurley]

Actually, I can imagine governments operating without a budget...

[MichelleJ]

Actually, I can imagine governments operating without a budget...

Tend to agree with you on that one David. After all if they run short of money they can always increase the taxes!

MichelleJ

[GT Bulmer]

Actually, I can imagine governments operating without a budget...

Tend to agree with you on that one David. After all if they run short of money they can always increase the taxes!

MichelleJ

Doesn't it always seem that when a worthy organization needs some government funding, "There's no money in the budget," but when the government identifies a pet project to promote, suddenly, funds become available!

I think they DO budget ... they take half the money that should go towards worthy causes, then hide it in a slush fund for use on their own preferred initiatives! (Well. That's the way it SEEMS sometimes. )

GT