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Budgeting Articles

The Budget – The Ultimate Financial Management Tool

A carpenter uses a set of house plans to build a house. If he didn’t the bathroom might get overlooked altogether.
 
Rocket Scientists would never begin construction on a new booster rocket without a detailed set of design specifications. Yet most of us go blindly out into the world without an inkling of an idea about finances and without any plan at all.
 
Not very smart of us, is it?
 
A money plan is called a budget and it is crucial to get us to our desired financial goals.
 
Without a plan we will drift without direction and end up marooned on a distant financial reef.
 
If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are…long term and short term.
Then plan your route to get to those goals. Every journey begins with one step and the first step to attaining your goals is to make a realistic budget that both of you can live with.
 
A budget should never be a financial starvation diet. That won’t work for the long haul. Make reasonable allocations for food, clothing, shelter, utilities and insurance and set aside a reasonable amount for entertainment and the occasional luxury item. Savings should always come first before any spending.
 
Even a small amount saved will help you reach your long term and short term financial goals. You can find many budget forms on The Financial Management Portal. 
 
Spend Wisely to Save Money
money
Have you ever noticed that the things you buy every week at the grocery and hardware stores go up a few cents between shopping trips? Not by much…just by a little each week but they continue to.....Read more..
Avoiding Payday Loans
money
Individuals develop their good and bad habits at an early age. If you want to become a responsible person, you have to practice the right things now. Handling money is a very important task.....Read more..
The Formula to Creating Goals that help you Improve your Personal Life
couple
In life, we have a formula to use that helps us to create goals that assist us in improving our personal life. To start these goals however, we must use our inner qualities. The inner qualities.....Read more..
Avoiding Impulse Spending
impulse spending
Answer these questions truthfully: 1.) Does your spouse or partner complain that you spend too much money? 2.) Are you surprised each month when your credit card bill arrives at how much more you.....Read more..
Why Should I Make a Budget?
budgeting
You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every penny you spend for one month and I do mean every.....Read more..
How to Use Budgeting Tools on the MYFMP Portal
budgeting
The Financial Management Portal offers some unique tools for users who wish to improve their budgeting skills.  We offer a variety of finance calculators, many complete with print out.....Read more..
Spend Wisely to Save Money
money
Have you ever noticed that the things you buy every week at the grocery and hardware stores go up a few cents between shopping trips? Not by much…just by a little each week but they continue to.....Read more..
Avoiding Payday Loans
money
Individuals develop their good and bad habits at an early age. If you want to become a responsible person, you have to practice the right things now. Handling money is a very important task.....Read more..
The Formula to Creating Goals that help you Improve your Personal Life
couple
In life, we have a formula to use that helps us to create goals that assist us in improving our personal life. To start these goals however, we must use our inner qualities. The inner qualities.....Read more..
Avoiding Impulse Spending
impulse spending
Answer these questions truthfully: 1.) Does your spouse or partner complain that you spend too much money? 2.) Are you surprised each month when your credit card bill arrives at how much more you.....Read more..
Why Should I Make a Budget?
budgeting
You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every penny you spend for one month and I do mean every.....Read more..
How to Use Budgeting Tools on the MYFMP Portal
budgeting
The Financial Management Portal offers some unique tools for users who wish to improve their budgeting skills.  We offer a variety of finance calculators, many complete with print out.....Read more..