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TNT Financial Corner is written by Maureen Babin of Amarack Financial. People don't plan to fail.
They fail to plan. The "B" Word - Budget A budget is a spending plan that tracks where your money goes. It’s based on how much you make (income) and what your monthly expenses are. Understanding just where your money goes will help you to manage your cash and determine how much debt, if any, you assume. The biggest thing about budgeting is to know how much it costs you to live. Once you figure out your monthly expenses, you can compare them to how much income you have each month. Many people don’t know either of these things and it makes paying bills, planning for special events or even living day to day very difficult.
When you plan your finances, and are serious about your financial goals, you’ll be happier and less stressed out about money. Once you know how much you spend, you can figure out how to cut back on the unnecessary expenses.
Here’s a sample of a monthly budget you can use to get started. Personal Budget for: Month of: Money coming in: Work (after taxes) ______________ Gifts/Allowance ______________ Other ______________ Total income __________________ Money going out: My savings _____________ Food _____________ Clothing _____________ Fun stuff _____________ Cell phone _____________ Car payment _____________ Car insurance _____________ Other _____________ Other _____________ Total Expenses __________________ Any money left over? (income minus expenses) __________________
Maureen Babin
Financial Advisor www.amarackfinancial.com
People don't plan to fail.
They fail to plan. If you have financial questions which need answering, kindly send them to
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attention Maureen and she’ll answer your questions! 
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