• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Homepage
  • About
  • Start Here
  • Resources
    • Books
    • Podcasts
    • Websites
    • Blogs
    • Games
  • Shop
  • Interviews
  • Subscribe
Blueprint 4 Greenbacks

Blueprint 4 Greenbacks

Uncle Todd's Money School

  • Organize Finances
  • Plan and Track Goals
  • Reduce Spending
  • Save and Invest
  • Maximize Income
  • Protect Assets

Step 05: Create a Budget

2024-07-31 by Uncle Todd Leave a Comment

Planning your spending is key.  Having a balanced spending plan should be a financial priority regardless of where you are in life or what your net worth. Call it a budget. Call it something else. Just be deliberate in how you spend your money.

Use your balance sheet and income statement as basis to create the budget. Your financial statements will naturally be a logical starting point for developing your path forward.

Adjust your budget incrementally to maximize cash flow. Small changes over time are more likely to stick than large adjustments administered rapidly.

Include line items for saving and investing like any other expense. It should be the top priority, even before food and housing. Pay yourself first!  I have no doubt you’ll find a way to eat, even after saving a portion of your salary.


Do you have a budget? If not, why not? Let me hear from you. I’m curious how following a budget has worked for you.

Filed Under: Tracking Goals

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Login/Logout

Log in or Register

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • Basic Math: Percent Change
  • The Monthly Family Meeting
  • Basic Math: The Median
  • Personal Finance Habits and Process
  • Eight Income Streams of Wealth Generation

Recent Comments

  • Business on Financial Planning Continuous Improvement
  • Tomas2385 on Financial Planning Continuous Improvement
  • Anderson4912 on Financial Planning Continuous Improvement
  • Eva4956 on Financial Planning Continuous Improvement
  • Alice3489 on Financial Planning Continuous Improvement
  • Scott4446 on Financial Planning Continuous Improvement

Archives

Footer

What are we doing here?

This is an exercise in self improvement. Fun and learning. Helping others and helping myself. Let’s see how it goes?

Posts So Far

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct    

Recent Comments

  • Business on Financial Planning Continuous Improvement
  • Tomas2385 on Financial Planning Continuous Improvement
  • Anderson4912 on Financial Planning Continuous Improvement
  • Eva4956 on Financial Planning Continuous Improvement
  • Alice3489 on Financial Planning Continuous Improvement

Copyright© 2023–2025 · About · Contact · Log in