![]() ![]() Financial statements are useful summaries of the information you need to create a budget.Īfter formulating realistic expectations based on past behavior and current circumstances, you still must reconcile your future behavior with your original expectations. If you have been using personal finance software, it has been keeping those records for you if not, a thorough review of your checkbook and investment statements will reveal that information. Your assumptions may come from your actual past behavior based on accurate records that you have gathered. Creating a budget involves projecting realistic behavior. The process of creating a budget can be instructive. ![]() This long-term goal may indicate a need to start a savings plan for a down payment. ![]() In the short-term you could look for an apartment with lower rent, but in the long run, it may be more advantageous to own a home. ![]() For example, an immediate goal may be to lower housing expense. A review of your financial statements or your current financial condition-as well as your own ideas about how you are and could be living-should indicate immediate and longer-term goals. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |