|
|
|
|
Home / Relationships / Marriage
How to Make a Budget
By:Nathan Dawson
Starting out as a married couple often means going through some tight times. In this case, it may be a good idea to create a good budget that works. It is actually very simple to do, even simpler if you have a joint bank account.
In fact, if you sit down to make a budget before the actual marriage preparations begin, you will likely succeed in lowering your wedding cost. More importantly, you will establish good communication with your spouse along with a realistic money management plan.
Creating a budget is actually very simple:
1. Gather all your records of expenditures (checkbook, credit card statement, etc).
2. Open a spreadsheet or graph and assign a category to each column.
3. Record each expense under its corresponding column.
4. Calculate and record a total for each column.
5. Add all the column totals.
6. Compare that number with your income.
7. Revise your expenses and prioritize them.
8. Eliminate those expenditures that are low on the priority list.
9. Don’t forget to budget 10 percent of your income for savings.
You see, it’s not all that scary. More importantly, if you create a budget together, you will eventually see your money grow, especially if you transfer a portion of your income into a savings account.
Article Source: http://www.dailynewarticles.com
Nathan Dawson writes for http://www.marriedfinances.com and http://www.successfulmarriageresource.com, great online sources for marriage and finance information.
More Articles from Marriage Category:
Romancing Him this Christmas
How To Fighting Fairly In Marriage
Cheating Spouses
Save Marriage by Understanding the Cause
Saving the Marriage and Making it Last
Why Do More Men Cheat Than Women?
Surviving The Challenge Of Long Distance Relationships
Greet Your Wife First
Lack of Communication in a Relationship
Do You Have Trouble Keeping Your Mouth Shut
Decorating for Your Orchid Wedding
Marriage Counseling: What Is the Cost and Return on Investment?
Planning The Perfect Wedding
Why Most Marriages Fail
Understanding Why Marriages Fail Can Save Yours
|
|
