Week 3 of the 30 Day Budget Challenge is upon us. This week, the Debt Free Squad’s video walks us through setting up a detailed budget and looking at percentages. Don’t be discouraged if this step seems complex. Start simple. While I like the detail presented in the video, you can start with a pen and pencil if that floats your boat. How you create your budget is less important than the budget’s content. Also important, holding your regular Finance Committee Meetings; even if yours is a committee of 1.
Challenges for the week:
· Set up your cash flow statement
· Open a savings account (if you don’t already have one)
· Print any useful forms from www.debtfreesquad.com
What tools do you use to create and maintain your monthly budget?