Budgeting 101: How To Plan A Budget To Make More From Less In 5 Easy Steps

November 11, 2015

Budgeting 101: How To Plan A Budget To Make More From Less In 5 Easy Steps
Written by Michaud Chantal, of https://haleks.ca/
Read by Henry Reith, Fridge Magazine Editor.

Transcript:

I have always gone through life with the notion that budgets are for people who can’t manage their money. The purpose of budgets eluded me. I was not an impulse buyer, I had a sound saving account and didn’t feel like I was missing out on anything.

Wikipedia defines a budget as:

A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.

Working without a Budget worked for me… then I decided to try it out.

Budgeting has helped me grow my savings while making me more aware of my spending.

Though it’s not an easy task, I believe everyone can benefit from putting together a simple budgeting plan. Here are a few tips to help you along the process....


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