Let’s face it, no one enjoys budgeting. It usually arises out of necessity. Here are a few keys to remember to help build a successful budget:

• Take a snapshot of the last three months of spending. This will give you a realistic gauge of your spending habits on average.
• Set realistic goals, i.e. if you are currently spending $1,200 per month on dining out, it’s unrealistic for you to cut that spending to $400. The likely result will be you tossing your budget out the window on your way to a restaurant.
• Do not marry yourself to material objects that maybe destroying your budget. Be prepared to make hard sacrifices. First set priorities before building you budget; this will make those sacrifices more palatable.

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