Budgeting Essentials

Last week I talked about Be conservative with your estimates. If you missed that post, you can review it HERE.  This week’s topic is keep your monthly cash flow positive. Planning your cash flow may seem to be something that you can’t do. But with a well prepared budget, you can avoid many cash flow issues before they happen. 

Last week I talked about working on income early.  If you missed that post, you can read it HERE.  This week’s topic is be conservative with your estimates.  One big temptation you need to avoid when preparing a budget is being too aggressive with your numbers, especially when you are working on your revenue. Today I discuss why. 

Last week I talked about concentrating on important items. If you missed that post, you can review it HERE.  This week’s topic is start working on income early. Estimating your revenue (Income) correctly is the key to creating an effective budget.