Manage Cashflow

My Budgeting Process

My Budgeting Process

After I told you how I complete my monthly Financial Checkup, I received a question about how I complete my budget on a monthly basis, so I thought it would be a great topic to bring here. 

My process may seem like it takes a while, and it did when I first started, but now that I have a process it only takes me about 15-20 minutes.

This is what I do at the end of the month after I complete my Finacial Checkup.

How I Do A Monthly Financial Checkup

How I Do A Monthly Financial Checkup

Do you know where you stand financially?  At the end of every month I sit down for 30 mins and complete a financial checkup.  A financial checkup is a layout of all my income and expenses for the month along with an analysis of how I spent my money in the previous month along with any outstanding debt balances and a status update of where I stand when it comes to my financial goals, so the balance in my savings, sinking funds and investment accounts (including retirement).