smart money strategies

Keeping Your Budget Balanced

Setting up a budget is just the first step to financial independence and security. Sticking to one requires discipline and thought. Which of these habits will help you stay on track?

1. Cut out all unnecessary spending even if it means giving up your goals.
2. Revisit your budget often to review where you stand.
3. Once you’ve balanced your budget, avoid making any changes, so it remains the same.

“B” is correct. Remember: Your budget is a financial roadmap for getting ahead. If you set realistic goals, spend wisely, and track your expenses, you’ll be able to build savings and afford what’s needed. Regularly check to see if it’s still balanced and take the time to update it whenever your income or expenses change.