Personal Budget Planning Secrets

We all know that we are supposed to "budget". That's what we were taught at school and that's what the media continually reminds us of. The probelem is... What does it mean to budget?

See if you agree with the Budget Man's definition of a budget is...

"Your Budget is the way you link your income and lifestyle. "

In the days of balck and white pictures the budget was done on a sheet of paper and rewritten whenever it needed updating. Today's world is a lot faster so the budget has to become a continually moving picture. That's where the "Personality Budgeting Program" is so special. This program gives you an immediate result whenever you want it.

David East explains how personal budget planning can put the fun back in your finances.

Here are three secrets that will make your personal budget planning a breeze!

Secret # 1 Most of your money is already spoken for long before it arrives at your bank. The money has been promised to keep the electricity on, make the loan repayments and pay for the insurance. Most of what many people think of as budgeting is really honouring the commitments you have already made.

Now since you are honest you are planning to pay those bills. This means that really you want to track those bills and see what is left over for your Dat-To-Day living.

Tracking and predicting bills is best done with the help of yhe "Personality Budgeting Program". This programis so helpful because it only ever asks you to enter a bill once. From then on the "Personality Budgeting Program" asks you if the bill is due again. Just think, it's like having your own accounting department that will tell you what's happening, without you needing to do any more than say yes.

Secret # 2 Your Day-To-Day living money is spread all over the place...

• Some of your Day-To-Day living money is in the bank.
• Some of your Day-To-Day living money is in your purse or wallet.
• Some of your Day-To-Day living money in with your partner or children if you have them.

All this means that it is a waste of time to use a traditional budgeting system to try to keep track of it all in the same way they account for the "Petty Cash" at work. At work you need to account for every little amount of money to be sure noone is stealing from the boss. At home you need a system that is flexible enough to give you the answers you want. More importantly you want a system that is easy enough for you to keep using it.

Secret # 3 The number one reason people give up on their budgets is that they try to do things that don't suite them.

You can put on a good show for a little while BUT you'll never continue doing something that doesn't suit you. It's the same with budgeting. I've lost count of the number of times people have told me that they have the wrong personality to budget. Fortunately that's rubbish! What people actually mean is that they have tried to use budgeting systems that don't suit them.

So here's the two steps to making your personal budget planning to work...

1. Take the Personality Budgeting Quiz and discover what your financial personality is.
2. Download the Personality Budgeting Program and start enjoying having your money work in a way that suits you.

Copyright 2006 Personality Budgeting – Personal Budget Planning Secrets