Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
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Five Features of a Good Budget
November 26, 2008
1. Categories that fit your personal situation and your spending habits, not somebody else’s.
2. Accurate income projections.
3. Enough categories to give you a meaningful picture of where your money goes and where you might be able to cut costs, but not so much detail that tracking is a chore that you’ll soon tire of.
4. Inclusion of expenses that don’t occur on a monthly basis, such as auto maintenance, homeowners insurance, personal property taxes, service contracts, etc.
5. Regular review of categories to determine if you need more or fewer, review of expenses, and brainstorming about ways to trim costs in each category.
By: About.com
Posted by Judith Gerhart on November 26, 2008 | Permalink | Post a comment
Topics: Finance |
