Top 10 Tips to Creating a Budget Surplus
1.)The first thing is to see if you have a surplus or deficit. People get into credit card trouble when they have a deficit. This is achieved by tracking.
2.) Your goal is to run a 20% surplus each month and save to 3 months of your survival number explained below. You will need
3 months survival money in a money market account. That way if your ever in a financial emergency you have 3 months to get back on your feet.
3.) Write Down all incoming money. Pay check’s, rebates, refunds, reimbursements, everything that comes in, add up every month.
4.) Count how much money is spent each month. This will be the total amount that is out-going every the end of 3 months divide this number by 3 and that will be your survival number.
5.) Divide your out-going money into 2 categories. The 1st is …
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