Spending Plan. Budget. Outgo vs. Income. Call it what you want.
The bottom line is you must know what is coming in and you must know what you are spending.
MoneyBasics1: Spend less than you earn!
November tip for those already faithfully using a Spending Plan. We have seen gas prices rise and fall and rise again. Most recently we have seen them fall consistently. Wisely, leave the budgeted amount for high gas prices in place rather than lowering the budgeted amount to adjust for lower gas prices. Prices will rise again -- we just don't know when.
The P in Plan might stand for 'prepare' -- prepare for the rise and fall of gasoline prices -- don't be lulled into believing they will stay at the current $1.99 per gallon price we are seeing here in the midwest currently!
Till the next time, hold tightly to what is important, loose those material things that moth and rust destroy, and ... (that) thieves break in and steal.
csfMarilyn
Sunday, November 9, 2008
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