Friday, February 3, 2012

Budgeting again: Back to the basics

     A couple of years ago I took the crown budgeting course and began working with a paper budget.  It was a time that I was making good progress in saving and giving, something I had not been doing consistently before.  It was difficult to follow with an income that varies a lot from month to month.  The effort, however, has it's rewards. 
     The business is getting to a point where I can start paying myself and budgeting with personal income is now even more important.  With the business I have been focusing on careful oversight of income and expenses.  If this is not good there is no personal income but the personal income must have the same oversight. Before taking this course I always thought of a budget as restrictive but I have come to think of this task as liberating as I now know better what I have and where money goes and can then plan the use of resources toward financial goals.
 

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