Developing a Financial Road Map : How to make a budget

First of all  you have to find and organise all your filings according to your life style. Your  close family or your friend have to know where to find your documents in case of emergency.

Then, you have to know what are your priorities and prepare your goals. Do not be shy to discuss about this with your family or the people you share your life with. It is important for them to understand the way you think and the way you want to manage your life. They may give you good advices and maybe help you to establish your goals.

Now you know where your want to go (what are your goals), make your budget plan. List all your variable, fixed and discretionary monthly expenditures and class them into categories and according to what you need to reach your goals. Do not forget that you have to care about savings and secure your life in case of emergency. Establishing a budget plan in a logical way helps to optimise your time and your money.

Finally, your financial roadmap is almost completed. Working on pourcentages that you have calculated in your budget plan can help your spendings to become more acceptable and balanced.

This entry is a Submission of Assignment 1, Unit 3 of WBB101 for the LLP