3 Simple Steps to Create a Seriously Savvy Budget

3 Simple Steps to Create a Seriously Savvy Budget

Do you follow a budget? Need some help to get started?

No, budgets are not attractive, fun or exciting in any way shape or form.  They are, however, the necessary evil that can assist in getting you and your family’s spending and saving habits back on track.  It’s difficult to understand why more individuals don’t already adhere to a budget, what with the economic crisis and unemployment still looming above us. It would seem that the majority of individuals without a budget either don’t think they need one, are unaware of its benefits, or simply don’t like discussing or even thinking about their financial situation. 

The unfortunate part about that last point is the fact that implementing a personal or family budget can help dig those individuals out of the financial holes they’ve already put themselves in.  And the best part?  It’s ridiculously easy to do.  From writing everything down on your own to downloading or purchasing budget software, technology has made it extremely simple to execute.

The first step ...

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Parents, Teach Your Kids to be Financially Literate

Financial Literacy among young Americans has been a focus of the Jump$tart Coalition since its inception in 1995. The coalition consists of 49 affiliate state organizations. Jump$tart’s mission is improving the financial smarts of students. Each state can choose their own method of accomplishing the mission; some require high-school students to take a personal finance class before graduation, some incorporate fundamentals into existing course work and others make personal finance education available as an elective. With all the great work you’d think that students would fare better than the most recent Coalition’s 2008 survey. The results show that financial literacy of high school students has fallen to its lowest levels ever with a score of just 48.3 percent (http://bit.ly/cB8qGb). On the brighter side, college graduate scores are improving, averaging 64.8 but a majority of students do not graduate and are therefore not counted in this average. You may be asking yourself, so what’s the problem?

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Planning for the Retirement Dream

Many of us picture our retirement years spent enjoying life without working, but have you planned for everything? Will you be able to live the golden years as you envision them? Here are some unexpected and often underestimated expenses and tips to consider when planning for the golden years.

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