Few Tips for Managing Budgets!

[wog777]

Some of them are common sense, but it won't hurt to go over it~
http://www.ibtimes.com/articles/2007...nal-budget.htm

[Helen]

This is a timely article for me. I typically look at my prior year's spending around this time of year and I incorporate my annual raise (Federal Gov.) into my savings in January.

My biggest budget tool is the automatic pilot plan. I have my spreedsheet of how much I will save and where it will go, which projects out until my estimated retirement date. At the start of every year I increase it with my raise. I have everything automatically pulled from my checking account so I don't have to think about it except for once a year when I do the annual increases. I love this method.

I spend what ever is left and analyse the prior year's spending at the start of the new year by going through my Visa statements. I do this mostly out of interest but also to do a cost benefit analysis of my spending.