Wealth Wednesday: Making and Sticking to a Budget

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  • Budgeting 101
  • Gather the Necessary Information
  • Review the Data and Come Up With a Monthly Number
  • Assess Your Income
  • Get It in Writing
  • Where Else Does Your Money Go?
  • Compare Inflow to Outflow
  • Review Your Budget Frequently

Review the Data and Come Up With a Monthly Number

Look at everything that’s in front of you to come up with a monthly expense total. Be sure to factor in any quarterly or annual payments by dividing appropriately (an annual property tax bill of $3,600 equates to $300 per month, for example) and accounting for those expenses as well.

(Photo: Gregor Schuster/Getty Images)

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