SERIES: Joe Sangl’s Favorite Financial Tools – Monthly Budget

Welcome to the latest series at – Joe Sangl’s Favorite Financial Tools

In this series, I will be sharing the tools that I love the most.   There are several reasons I love these tools, but mostly I like them because they literally helped me change my life!

Part One – Monthly Budget

Preparing a monthly budget each month BEFORE the next month actually began has been the single largest reason that Jenn and I started prospering with our money.

Our monthly budget applies the basic rule of “Spending less than we earn.” It is a key hallmark of the Financial Learning Experience that I teach and all of our resources – the basic formula of:


We ensure that the “outgo” includes giving money away, saving, investing, and paying our bills.

Every. Single. Month.

Not just once every now and then.   EVERY. SINGLE. MONTH.   We prepare a monthly budget and then we do something completely crazy: we follow it!

Do surprises show up? Absolutely.   Do we have to make adjustments?   All of the time.

BUT the budget helps us stay on course.   We have realized that our budget is the engine that makes our financial vehicle run with power!   The finely tuned budget ensures that our life hums with funded dreams, giving, and peace.   It can do the exact same thing for you!

TOOL: Monthly Budgets

RESOURCE: My book, I Was Broke. Now I’m Not., is a great resource to help you prepare a budget that actually works.

Read the entire series (available after 6/17/2011)

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1 Comment

  1. OlyLife on June 15, 2011 at 1:09 am

    Excellent Easy To Comprehend And Straight Forward Advice On Budgeting – Like The Principles Of Spending Less Than You Earn And Making Sure You Prepare The Budget The Month Before (If Not Sooner) – To Some, These Sound Like Simple Ideas, But With The Economy The Way It Is, It’s Clear That Many Need To Heed This Advice.

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