We like to make budgeting easy and fun! Even better, we like to keep it simple. Consider these your basics, just like your ABC’s. Read more about A-E.
A – Always keep track – You should always keep track of all of your accounts and running balances of those accounts – specifically, the ones that you use on a daily basis. This will help prevent late payments or being overdrawn on your checking accounts or over your limit on your credit accounts.
B - Build Credit Carefully – You don’t want to run out and snatch up every credit card offer your receive. Be selective, and don’t go crazy. You want enough that you can handle, and keep in good standing (preferably paid off), but not so many that you lose track or risk running up the bills.
C - Cut down on non-essentials – If you are trying to pay off debt, then a good thing to do would be to reduce or even eliminate non-essential items as these could give you extra money to put towards your other debts.
D - Destroy possible ways to fall into debt again – If you know you have a problem resisting the urge to max out your credit card again, then you may want to consider cutting them up. If you want to have them “in case of emergency”, then be sure to leave them at home unless you think you are putting yourself in a situation that you couldn’t easily get them – like going on a road trip.
E - Execute a plan of action – A goal, without a plan, is just a dream. You should always map out how you plan to budget better, or how you plan to track your spending, or how you want to pay off your debt. If you don’t do this, you could get lost quite easily.
Geezeo provides ways to help you in all of these areas. Add your accounts to Geezeo, and you will be better able to track all of them in one convenient place.
Need some encouragement or advice on how to steer clear from saying yes to every application? Or maybe advice on other (cheaper) alternatives to daily expenses (or non-essentials)? You can ask your questions to Geezeo’s online community of people just like yourself – those who have gone through it, or are still working on it.
Finally, Geezeo helps you to execute a plan of action by allowing yourself to set goals, and help you keep track of them. It’s conveniently all in one place for you – here at Geezeo!
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Further Reading
Tags: Budget, Business, Credit card, Debt, Geezeo, home, money, Money Management, Personal finance, Transactional account
May 19th, 2009 at 1:11 pm
Hello Amber
Great information! I wrote a few books with the same concept. A2Z Inspirational Marketing, which is currently being published and A2Z Business Budgeting and A2Z Budgeting. I guess great minds think alike:+) I really enjoyed reading all of your letters. As stated earlier we have the same concept, but our information is some what different. I’m always looking for new ways to budget myself. Thanks for the insightful information.