Budgeting Tips

Budgeting can help you effectively manage your money, save for large expenses, prepare for unforeseen expenses, and offers overall peace of mind. Jon Terracciano has provided

these helpful tips to keep in mind while preparing your budget.

It’s very important to be realistic when evaluating your monthly income and expenses. This will help to ensure that you’re creating a budget you can stick to.

Be sure to reevaluate your budget at the end of each month. If you made less than you originally forecast, or if your expenses were more than you expected, make the necessary changes to the next month’s budget.

While listing your expenses, be sure to create an expense for Savings. Set a realistic amount that you set aside for savings each month.

Establish your budget with a goal in mind. Your goal could be saving for a vacation or another large expense, or simply putting aside a specific amount of money each month. Periodically check your budget and spending habits to ensure that you remain on track.

For more information and financial tips, check out www.JonTerracciano.com