lesson 6: the small picture

Lesson 5: The Big Picture
October 19, 2009
lesson 7: can you control your cards?
November 1, 2009

In order to reach our long term goals, we need to know our start point. The best way is to do a  Scenario budget of weekly cash flow. Break your vehicle registration and other larger expenses down to a weekly amount. For example I know my car & motorbike cost me $25 / week for registration. Use pencil and don’t pressure yourself to “stick to a budget” – that’s unrealistic. Over the next few weeks record what you spend on the different categories and then amend your pencilled figure in your Scenario budget if required.

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