Chapter 7
Getting Budgeting under Your Belt
IN THIS CHAPTER
Setting your clients on the right financial path
Harnessing the power of budgeting apps and other tech tools
Setting spending limits in key areas
Curbing spending with auto pay and payroll deductions
Before you can help your clients build wealth, you (and they) need to figure out how much monthly income is flowing in, how much money is flowing out, and where it’s going. This is what budgeting is all about. By taking control of the household budget, your clients can begin to free up some of their income to invest in building wealth.
In this chapter, you discover how to help clients take control of their household budget. Here, I highlight the eight key spending categories to focus on and how to set spending limits for each category. I also introduce some handy budgeting apps and other tech tools and reveal the savings power of auto pay and payroll deductions.
For a variety of personal household budget templates, simply Google ...
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