Creating a Budget

September 16, 2021

Even for financial professionals, making and sticking to a personal budget can be one of the hardest things to do. Many times, this activity includes the painstaking exercise of confronting exactly what you spend, and what you spend it on, each month of the year. To make the best and most accurate budget, it must include ALL expenses. This includes those that are fixed and those that may vary monthly, weekly, or even daily. While creating a budget is very easy to avoid or push off, it can be an extremely helpful task. For those who would like to start saving more, but are unsure if they are able, being able to analyze income versus fixed and variable expenses can paint a much clearer picture. Many times, this exercise allows our clients to realize that by making small, tactical spending changes, they can put away more money than they originally thought towards their most important goals. If you would like to start saving more money for any type of goal, reach out to us for help today! We assist clients of all ages to better understand their income and expenses while giving our unbiased advice of how they can plan to save more and spend less.

Carol Dixon, CFP® & Kevin DeRosa, CRPC®