How much free are we financially? Well…..July is also the best time to start with a Budget: Half of the year has passed, let’s review what we have done in the last year and set our goals.
Budgeting is an important tool for our personal success and naturally it is a wonderful tool to measure your business success, your goals and your future course of events.
July is the perfect time to start working on your budget, because it sets the tone for your next year and at the same time it is the time where you can program not only your next year but also allows you to review this year’s outcome. Let’s not wait until the tax man arrives to begin wondering the things that should have had happened.
July it’s not the time where you are crunch with the many good and bad omens of the new year, it’s the time where you can set your course to be in the winning side. With a budget you can establish the best course to take in order to achieve your goals, and dreams. A budget is a communication tool, a savings platform, a control for your operations. With a budget you can track your expenses with a future in mind.
Begin by looking at what you have today, this year’s accomplishments, how is the last year of your operations since the last July. Your budget helps you better understand your weaknesses and strengths. Your budget helps you better communicate with your banker, your lender, your providers, your clients and naturally with your employees.
Your budget will help you ascertain control of your operations and provides you with a better understanding of the economy of your business. A budget is a strategy that looks at your operational plan, your financing, your investment platform and finally guides you to maintain a review in place.
Your budget allows you to see your future clearly and helps you understand changes in your operation, your strategy and finally helps understand how to attain growth.
Let’s begin a budget today……..but do not just create your yearly budget and store it. Make it a monthly tool to review your plans, your savings, and your contingencies. Think growth, growth, growth, mature and stable growth.
One Free option to help you with your budgeting is Mint.com. You can upload your accounts and create a guideline for your budget, or even see where you are spending so you know where to trim the fat and create a budget tailored to meet your needs and promote success. There are tools out if you find it difficult to go out and do it on your own, just seek them out.
We have a lot to celebrate, our country’s freedom and our personal and business financial freedom!
Have a wonderful 4th!