Now that we have established where we are and where we want to go, we need the fuel, the money to get us there. In step number 3 we look at creating a personalized Budget in order to organize our cashflow and work toward building our Nett worth.

We often have a very negative connotation when it comes to budgeting as it involves long term thinking and short term sacrifice. However, if we keep steps nr 1 and 2 in mind, we will see the bigger picture and see a budget as the means and not the end. We also explain the 50/20/30 principle and how you can use it as a guideline when you create your budget.

Let us know if you have questions or comments by emailing us at info@thefword.co.za