Tips on Personal Finance Budgets

Part of the Video Series How to Organize Personal Finances

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Learn how to budget your money in this free video on managing money.

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Tips on Personal Finance Budgets
Today I would like to present a topic on budgeting. Again with the help of Expert Village, I hopfully will be able to help people, assess people in term of developing a budget. In this clip, we are going to talk about developing a budget. A budget is very important because it helps you determine your cash flow. The component of a budget will be looking at your income versus your expenses. The major component of your budget are how housing expenses, utilities, transportation, clothing, food and miscellaneous and also medical. I would like to go in detail in each one of these components to tell you how it impacts your budget. Again, the most important thing of a budget is to review it on a regular basis. I've helped a lot of clients with developing a budget and hopefully these tools will help you.

About the Expert

Expert: Lamont Stewart is a Financial Adviser with over 10 years of investing experience helping individuals and small business owners plan and save for retirement. Read More