taking stock

Staying on Track

Setting up a budget is just the first step to financial success. Sticking to one requires thought, discipline, and effort. 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. Once you’ve balanced your budget, avoid making any changes, so it remains the same.
3. Revisit your budget often to review where you stand.

“C” 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. Click here for our complete online course on budgeting.