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Miriam Caldwell

Weekend Challenges 2012: Setting Up a Realistic Budget

By , About.com GuideJanuary 26, 2012

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The challenge for this weekend is to set up a budget that helps you reach the financial goals you have set over the last month. Your budget is the key to succeeding financially. The budget will help you to make sure you are spending your money on the things you feel are most important. It will also help you prepare for your the future, and keep your general financial picture under control.

Although planning out your budget may seem like a lot of work, it is easy compared to following your budget. You need to give yourself time to adapt to the changes, and make sure that the limits you are giving yourself are realistic for your current situation. In a future challenge we will evaluate the budget and make changes, but this weekend you need to set it up so that you can begin to follow and track your spending over February. You may also want to find new budgeting software to use to help make tracking your spending easier.

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