How to manage your money in a financial crisis.

When money is tight, it’s critical to manage what you have. How can I manage money when I don't have much Lotoya? By creating a budget. Creating a budget is hard yea I get it but it is also doable. I look at my budget as a bucket list. I know I have to be blunt about my finances and have a clear direction of how my money is spent. Remember if you don't know how it's coming in or going out you can't control it.

Consider budgeting as fun, as a creative way of seeing how you channel your money. It's so important to have a solid budget and put money in savings if you can for unexpected emergencies. A budget can help make sure you’re spending your money on the things that are most important to you. Start by building and stick to it. Here's how a budget can help you and help with your personal finances. A budget creates a road map that can help you fulfill your goals, spend within your means, navigate new financial situations, and helps you keep a closer track of the money coming in and going out. It’s important to prioritize your goals so that you can make sure your budget reflects your day-to-day living expenses and help to set you up to achieve your goals for the future.

It’s almost impossible to set a realistic budget if you have no idea how much money you’re making and spending each month. Your budget stands as a roadmap to help you fulfill your financial goals, spend within your means, navigate new financial situations, and help you keep a closer track of money coming in and out. Many of us run into trouble remaining on a diet plan. The same can happen with a spending plan. Another way to try to stay on track is to automate your finances. You can set up automatic transfers from your checking account to your savings or investment accounts to help you reach short-term or long-term spending goals

Your financial health is just as important as your physical, mental and emotional health. A budget allows you to track your cash flow, which guarantees you aren’t overspending.

A good financial budget starts by cutting the non essentials firsts, what are some things that you don't need or use much of? this is where you get to see and overall representation of your finances.

Financial planning will help you accomplish your goals and build a cash cushion which can help you alleviate anxiety about running into a situation where you aren't able to cover your expenses.

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