How to Budget for Future Expenses

Tip 1 - How can I budget for both short-term expenses and long-term goals?

The first step in planning for long-term goals is actually determining how much you spend on short-term expenses. Once you know how much money is spent on the here-and-now, you can assess how much money can be put into investment vehicles for the future.Regular monthly expenses such as cable or cell phone bills should be easy to assess, but what about less frequent expenses like yearly insurance premiums? You can take these large lump sums and pro-rate them over the number of months from the time that you start the budget to when the event occurs.
Tags: budget,budgeting,buy and hold,retirement budgeting

Tip 2 - How to Budget Your Monthly Expenses

Budgeting, no matter how boring it may sound, is a crucial part of making things work financially with your partner or spouse. Working together to achieve goals is the cornerstone to any ...

Tip 3 - How to Budget For Future Expenses with WorkingPoint

The other day, I showed you how to use the Income Statement to make projections for future earnings by averaging your monthly sales so you can spot trends in how your money is coming in, like wheth...