Building a budget will help track the timing of income as you get paid so you can plan in advanced what bills can be paid with the available funds in your account at that time.\u00a0 Knowing when your bills are due is important so that you don\u2019t fall behind or get caught in the cycle of making partial payments month after month. It is critical to pay the entire amount due on your bill when it is due. This builds trust and improves your business relationship over time.<\/p>\n\n\n\n

Building a budget also gives a clear picture of how your income is spent and the frequency.\u00a0 Answer the following questions: How often do I eat out? How often do I make small purchases under $50? Am I overspending when I go grocery shopping? Many small purchases can be overlooked and with time add up to big dollars. A budget will help you set a spending limit for small purchases and provide structure for monthly household expenses. Over a short time this will eliminate unnecessary spending and increase your ability to save money.<\/p>\n\n\n\n

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Building a budget can also help you set and achieve saving goals. One starter goal is to save $1,000 for emergencies. After all bills are paid start setting aside money in a savings account or secret place in your home. There are also technology tools that can help you \u201ckeep the change\u201d and increase savings as well. A completed budget will tell you how much money you can save and how fast you will reach your goal.<\/p>\n\n\n\n

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Written by:
DR. GNP<\/strong>
ADVISE | TEACH | GOVERN
jennoa.graham@gmail.com<\/a>\u00a0\u00a0|\u00a0www.drgnp.com<\/a><\/p>\n\n\n\n

For more information about budgeting and organizing your finances, contact Dr. GNP today!<\/em><\/p>\n\n\n\n

Share your budgeting strategies or struggles in the comments below. We’d love to hear from you.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

What is a budget? A budget is the process of tracking your income and planning for how it is spent to pay for bills, save for emergencies, and invest in the future. It is important to know where your income is coming from and when it is available for use. For example someone working multiple […]<\/p>\n","protected":false},"author":2,"featured_media":271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[32],"tags":[28,29,31,30,33],"class_list":["post-266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-budget","tag-finance","tag-savings","tag-stewardship","tag-wordofgod"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/posts\/266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":5,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"predecessor-version":[{"id":289,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/posts\/266\/revisions\/289"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/media\/271"}],"wp:attachment":[{"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetitus2living.com\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}