Budget To Financial Freedom - What make your budget fail?
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Today I read an article from About.com, it is called The Secret to Budgeting Successfully. The author Deborah Fowles, really did a great job by telling us what is the main reason why our budget is fail.
I found there are several points of her article that I would like to bring it up here.
1. According to her, our attitude is the main reason why we fail. So before we start to budget, we must work on our attitude first.
2. There are some common negative thinking about budget, so what Deborah Fowles suggested is try thinking of it as a spending plan instead of a budget
3. Don’t give up!
4. Money is a tool that enables you to reach your goals in life, but until you know where your money goes, you can’t make conscious decisions about how to use this tool effectively.So a budget will make you clear about what happen to your money and plan to achieve your goal - financial freedom!
5. Try to start easy and simple, so you can get motivated and stick with your budget. (Realistic and Achievable Goal is important here)
I also admit that sometimes live on a budget really hard. However, it just starting, once you get used of it, you will think it just a system that help you to handle your money. At that day, you will benefit from it. So please follow my advice or expert like Deborah Fowles - Stick to budget and achieve financial freedom.
nI really thanks Deborah Fowles from About.com for writing such a good article. Above is just some of the main point of her articles, if you want to read the whole article, please visit here.
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[…] Last few days, I make a post called Budget To Financial Freedom - What make your budget fail. It is about reasons why your budget fails. You may have a look on the post and you will find out roughly the basic problems that most people make until their budget fail and make conclusion that budget is not working. […]
[…] Monday, 12 December 2005 - Budget To Financial Freedom - What make your budget fail? Deborah Fowles From About.com wrote an article about the reason that budget fail. […]