Budgeting Basics by Ian Filippini

Montecito,USA – February 15, 2011-Let’s face it: Nothing in life ever goes exactly as planned. And that goes double for money matters. How many times has this happened to you? Just when you think you finally have some breathing room in your budget, an unexpected expense comes along and wipes it out.
One way to prepare for the unexpected is through budgeting. In technical terms, budgeting is the systematic allocation of one’s limited resources (income and liquid assets) toward a potentially unlimited number of needs and wants (expenses). To put it simply, budgeting is merely balancing your outgo versus your income.
Unfortunately, the word “budget” -sort of like “diet” or “economize” — has negative connotations. Although sometimes tedious and difficult to stick with, smart budgeting can help you better control how your income is being spent – leaving you with more money to invest or put away for those inevitable rainy days. A budget is a financial plan for spending; not a bookkeeping chore of keeping track of every penny.
-Filippini wealth management westlake
For additional information or queries please visit us at http://www.filippiniusa.com
Mr.Ian Filippini
[email protected]
1096 Coast Village Road,
Ph: +8059696200

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