Mike D. Moore - How to Budget Like a Boss: How to Make a Budget and Stick to It, Get Out of Debt, Pay Bills and Save

How to Budget Like a Boss

How to Make a Budget and Stick to It, Get Out of Debt, Pay Bills and Save

Mike D. Moore

Text Copyright Mike D. Moore

All rights reserved. No part of this guide may be reproduced in any form without permission in writing from the publisher except in the case of brief quotations embodied in critical articles or reviews.

Legal & Disclaimer

The information contained in this book and its contents is not designed to replace or take the place of any form of medical or professional advice; and is not meant to replace the need for independent medical, financial, legal or other professional advice or services, as may be required. The content and information in this book has been provided for educational and entertainment purposes only.

The content and information contained in this book has been compiled from sources deemed reliable, and it is accurate to the best of the Author's knowledge, information and belief. However, the Author cannot guarantee its accuracy and validity and cannot be held liable for any errors and/or omissions. Further, changes are periodically made to this book as and when needed. Where appropriate and/or necessary, you must consult a professional (including but not limited to your doctor, attorney, financial advisor or such other professional advisor) before using any of the suggested remedies, techniques, or information in this book.

Upon using the contents and information contained in this book, you agree to hold harmless the Author from and against any damages, costs, and expenses, including any legal fees potentially resulting from the application of any of the information provided by this book. This disclaimer applies to any loss, damages or injury caused by the use and application, whether directly or indirectly, of any advice or information presented, whether for breach of contract, tort, negligence, personal injury, criminal intent, or under any other cause of action.

You agree to accept all risks of using the information presented inside this book.

You agree that by continuing to read this book, where appropriate and/or necessary, you shall consult a professional (including but not limited to your doctor, attorney, or financial advisor or such other advisor as needed) before using any of the suggested remedies, techniques, or information in this book.

INTRODUCTION

H w t Budget Like a Boss.

I know wht youre thnkng. Jut th thought f th word budgt lk nl n a hlkbrd. I know the flng.

Fr many years, I wouldnt have nthng to d wth a budgt bu I uldnt tnd th idea of anyoneor nthngtllng m hw t spend my money. And whr did tht gt m? Int a bg fnnl m.

Evr mnth, whn I rn ut of money, I wuld turn to MtrCrd and Visa for a blut. Rll bd idea.

Wht I learned from going thrugh that xrn nd fndng my w back to solvency tht, muh w may lth t, a budgt th tkt to financial hnnt th straitjacket I frd t would b. Ive m t rfr t ll this a ndng ln rather than a budget, but honestly th trm are ntrhngbl. It just a w to r-nd ur nm tht vr dllr gnd a jb to do.

Like th blueprints to buld ur drm house, a spending ln hw you whr you r and hw t get whr u wnt t be. Its th place where you spend ur hk n paper vn bfr you h t.

A good ndng ln gv every dllr a specific job t d. On u hv t just th w u wnt t, the plan bm a handy rd map fr kng your finances n trk.

So, tk a d breath and lt walk thrugh th basics of rtng a ml budget that works for you and your family.

CHAPTER ONE

PURPOSE AND GOALS

T h is ur trtng nt. Yu mut put ur ur and goals n writing. What your ur fr vng money? What is your ur fr tracking ur xn? Wh rt a written budget? Wht d u wnt t mlh?

D you thnk about your ur nd gl? If you simply wnt t mk nd meet h mnth, th a gl. Evrn should hv a ur, which linked t their gl.

A hrttrm financial gl n r or less. Yu n have gl wth hrtr trm, but ftr one r, th gl bm a midtolongterm goal.

Be passionate about ur gl! B ur t put ur gl in wrtng. Dnt be shy but telling others but ur gl.

Gl will help you wth mn mngmnt. Without ur nd gl, mn just spend mn wthut a rn. Ar u spending without a reason?

Goals huld be a rt f vrthng we d n our life. Gl n hl you succeed wth ur needs, lu ut u closer t your wnt.

In mn , the plan t hv ur goals mrtnt the gl itself. Example: It Jnur nd my gl t v $10,000 fr a dwn mnt n a hu, b December f this r. I wll use a mnthl wrttn budgt ht t see whr I can reduce m monthly expenses. I wll put m mn in hghntrt savings r hkng unt, nd each paycheck I will chart m vng gl. (Thr r bnk ng higher APY n highyielding checking unt.) I wll reduce, or eliminate dnng ut. I wll rdu m vtn ndng th r and find w t rn xtr mn, uh a wknd, r vnng jb.

Making sacrifices, uh frgng hrttrm pleasures fr a r, accepting rnblt t hv goals. B ggrv, passionate and drvn but ur gl. Map your steps wth a wrttn budgt, then turn ur gl nt rlt. Dnt bm durgd f you hv tbk. S what if t tk an extra month r tw t achieve your gl! Tk rd n h mlhmnt, nd hr your gl wth thr. Th will b nrd b ur u. Whn you fnd gl youre nt about, rf bm muh r.

It nt b stated nugh t ut your gl n writing. Frt, ut thr gl n writing, rgrd less of th tm frame. Th can b hrt r longterm gl.

B Examples:

1. I wll hv 1.5 mlln dllr in cash when I ln t retire t g 65, nd own m rmr rdn. I m 27 r frm th goal, nd m mnthl budgt (Spending Plan) is my map fr lnnng and charting th gl hvmnt.

2. I wll fr m hldrn college dutn. Th wll tk $100,000 nd wll need to b vlbl n 15 years. I ln to u vrl college vng unt t achieve th gl.

3. I ln to nr m nm b $50,000 r r durng th next 24 months, b trtng my wn bun n rtl ntrnt l. M ln is t use m kll nd talents I hv urd. This wll require I ut a bun plan n wrtng.

B very f! muh more specific than these xml. Eh n of these gl huld tk a g or more n details. B vr f wth dollar munt, dates, and timeframe.

Be sure t xmn nd rxmn h gl. Yur goals mut rvk positive emotions. They must gt you excited and give u a burnng dr t hv your gl.

Fr h longterm gl, you wll need t hv hrttrm gl of n year r less. Th wll b linked t ur primary gl. Th wll hl u hv ur mn gl. For instance, in th rtrmnt xml, u would need t start an investment ln. Wthn your nvtmnt ln, u wll have f goals. Yur budget will hl you implement and achieve each of th goals.

Eh goal wll take n a lf f t own. Dnt lt nn tell u ur gl r unrealistic! There r t mn xml of people dreaming bg nd udng. Thr rlt became even bggr thn thr original gl lrgr than they ever mgnd.

D nt ltn t people wh ur gl r unrealistic... dream bg and ud.

Th rn u must b passionate but ur goals is simple: Your drv nd n wll keep ur budgt lv fr th rt f your lf.