Smart Girl’s Gudie to Financial BLISS – Tip 7
August 25, 2011 § Leave a comment
7.) Have a budget. Wikipedia says that the word “budget” is from the old French word for “purse!” What’s not to love about that?
University VP of Finance Natalie Krawitz describes a budget like this: “The budget is the numerical representation of an action plan for a specified time period.” It is that simple: numbers that represent actions = budget.
Just like many styles of purses or many types of future plans, there are all kinds and styles of budgets: simplified, detailed, paper or electronic, even budgets for planning a certain event like college or your summer vacation. Need help finding a budget that works for you? Surf the web, and type in budget.