Comments on: 10 Things To Do Before Creating Your Next Budget

By: Catie

Catie — Fri, 22 May 2009 14:29:09 +0000

Thanks so much for this video! I really appreciated it! I’ve been thinking about using the envelope system for a while now, but have never really seen it “in action.” This has motivated me to give it a try! Thanks again and God bless!

By: Imelda

Imelda — Thu, 21 May 2009 17:31:21 +0000

hi NCN! I love these tips. Even though we have been debt free for a while now, I still have trouble with sticking to a budget and find we are saving less than we should. Gotta revisit the whole budget with your tips in mind this time. Thanks!

By: Michael @ The Life Insurance Insider

Michael @ The Life Insurance Insider — Thu, 21 May 2009 15:04:00 +0000

I’ll second the ING Direct accounts you mention. They also help with budgeting because you can set up segmented savings accounts. Our account has about 15 segmented savings accounts that i can even name on the site. Perfect for saving up for vacations, insurance, large purchases. Me, my wife and the kids each have our own little accounts for our discretionary spending as well.

By: Chris @ BuildMyBudget

Chris @ BuildMyBudget — Wed, 20 May 2009 23:36:56 +0000

If you haven’t built a budget yet, these are ten great steps to creating one. One of the most important things missing from personal finance programs today is the ability to create a budget and see where it’s going to take you. I agree that step 9 is probably one of the most important–because it’s just SO easy to give up!

By: Ryan

Ryan — Wed, 20 May 2009 14:19:12 +0000

Yes, it’s extremely important to have a safety net in case the unimaginable occurs…you lose your job or get a pay cut. I like to keep at least 6 months worth of cash to cover expenses in my savings account, in case this event should occur. If you have to dip into your retirement account prior to reaching the age of 59 1/2, Uncle Sam can be quite unforgiving with that 10% IRS penalty.