Budgeting

Budgeting for your lifestyle is as important as budgeting for that marketing campaign, workspace office hire, or headcount for your department at work. Personal budgeting is the foundation of wise day-to-day and month-to-month spending habits as well as long-term financial planning. The New Savvy shows you how to set down money goals for yourself in this financial planning guide. Creating a budget and sticking with it is easy with tips and tricks on utilising the newest online apps as well as good old-fashioned money sense. The New Savvy budgeting guide is a roadmap for every woman who’s looking for transparency in her financial life. The micro-moves to creating a proper personal lifestyle budget comprise gathering the data of current income and expenditure and crunching the numbers. Figures don’t lie: any woman looking at the black-on-white will see whether she’s living beyond her means this week, this month or even this year. Now come the macro moves. Formulating personal longer-term financial goals involve more thought, a crystal ball and some real soul-searching. Any working budget must include saving for future expenditures like a fabulous wedding, the down-payment on a house or a comfortable retirement. Long-term thinking can only develop once you’ve concretely expressed your unique personal goals and dropped them into a work-in-progress timeline. Acquire the skill to start creating a life budget. Learn to identify financial priorities. Recognise the many moving parts like debts, taxes, emergencies, impulsive overspending and even unexpected inheritances that can derail an existing budget plan. Take the advice of experts and schedule periodic budget reviews to make sure you stay on track, but also to look ahead as you transition towards new life milestones or even the next stage of life. Building financial worth is the ultimate achievement of proper budgeting. Wise budgeting means keeping more of your money in your pocket by recognising the difference between wants and needs and spending accordingly. It means shaving a percentage off of expenses by, for example, sharing goods and services with friends and family. It also means adding extra money to the pot by opening the door to additional income opportunities like selling stuff on eBay or letting out an additional room in your property. Get up to speed on creating that personal budget, nailing down the numbers and committing to it. The New Savvy guide to budgeting includes tips how to avoid busting that budget in small ways as well as life-changing methods that will support any woman in making make smarter decisions about how she saves and spends her money.