Creating Your Budget
- Definition: Plan of income and expenditure, the amount allotted for a particular purpose
A Budget is the cornerstone of your financial plan. It takes honesty, time and effort to create a workable budget.
- Honesty : recognizing where your money is truly going, & what needs to be changed to meet your goals & priorities
- Time: to gather all necessary information & review
- Effort: self-discipline is necessary to follow through with the process of completing a budget.
This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.