Thursday, February 24, 2011

Steps to spend your money wisely

by Craig Ford

4 Steps To Help You Control Your Spending

Budgeting is essentially the process of asking: should I spend my money on this or that? A person’s income represents the fixed dollars with which they have to spend. When someone sets their budget they must decided (based on their preferences) what to spend on ‘this’ and what to spend on ‘that’. The problem is that sometimes people prioritize the wrong things. They buy ‘this’ when they should have bought ‘that’. Being able to control you is the difference between being frugal instead of cheap. If you find yourself in a situation where you often buy things you regret then these four steps will help you focus your spending.

Step 1 will be posted later...

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