How Can Last Month's Budget Help You Today? - Budget Tip #6

1 year ago
10

You can use last month's budget to help you draft this month's budget. Look to see where you overspent and where you underspent. Analyze why, and then make adjustments for this month. If you do not reconcile your budgets, you are effectively driving a car without any rearview mirrors. Additionally, every month is different. Using last months budget should not be a copy/paste of each line. What it should do is prompt you to think if this month will require more, less, or the same amount of spending compared to last month's needs. Do you think using last month's budget can save you time in budgeting for the next? Do you like to use last month's budget as a starting point that just needs tweaking? Let us know in the comments below!

Watch the full episode here: https://rumble.com/v2mg2jy-reacting-to-ways-rising-rates-are-impacting-your-money-is-the-bank-right.html

Budget Tips Playlist: https://www.youtube.com/playlist?list=PLo6Zlf1BSGrbd9llgjjsWFeckCxR-kvL4

Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday!

Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.

Our Website: HopeFilledFinancial.com

Music: "Take Me Higher" by Jahzzar

Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Loading comments...