Road map to success

Have you ever tried to go someplace without a road map. It isn’t very easy or smart. A budget is like your road map to financial success. It keeps you on your path to becoming a millionaire. A budget is a financial tool you will use a your whole life.

A budget is basically a snapshot of all the money that comes in (income) and all the money that goes out (expenses).

1. Create a journal for your budget. It can be anything from an old paper bound spiral to an online budgeting format. It doesn’t matter as long as it is kept separate from other things.
2. Create a format for your budget. A T-chart is preferable.
3. Estimate your total income and expenses for the month.
   Income:
   Say you can bring in $100 dollars a month.
   Expenses:
   You want to upgrade your baseball equipment. You spend $30 on a glove, $40 on a bat, and $2 on a ball. You spent $72 on baseball equipment so you save $28 that month.
   Save:
   With the $28 you decide to save it and put it in your savings account.
4. Now make a page for all the months of the year.