Have you got one?

This might seem a bit like a silly question but do you have a budget?

Often when I ask this question people will give me an odd look and say “well of course I do”.

However, their idea of a budget and my idea of a budget are often quite different.

You see many people have a vague budget that covers the expenses they know they will face every week like food and petrol.

The thing is, many people don’t allow for things like the car breaking down, the kids needing new school shoes or preparing for future capital expenses.

While it’s not possible to predict all of the costs you will face in the future, it is a good idea to try to set aside a little each week so that you have a ’safety net’.

Sounds simple right? But you’d be surprised how many people don’t do this.

Having this safety net can really take a great deal of pressure off you. It may mean making a few extra sacrifices in the short term while you build up some savings, however this doesn’t necessarily have to be a permanent change.

If you’d like to learn more about managing your money and finances better, click here now.

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets