Last week we released an article, "7 TIPS FOR AN EFFECTIVE FINANCIAL CHECK-IN," to discuss this month's topic of Financial Wellness. Continuing this topic, we wanted to go a little deeper into budgeting and creating tools to lay a better blueprint for your financial wellness in this new year.
Budgeting
A budget is a tool designed to track where your money goes. It is critical to understand how to reach goals. Using a budget, you can determine how income and assets cover current expenses or fund a future goal. A budget provides insight into spending patterns that may show wasteful or misallocated spending that will hinder your progress toward meeting a goal. Accurate cash flow planning requires a realistic budget.
To help you along the way, we have created a few useful tools and resources for your budgeting.
Tools and Resources: Click on each one to download.