Each year I go through a few steps to make sure that my budget isn't unnecessarily weighted down. Generally, I check that I have the best pricing for all my variable bills, look at upcoming goals, and check my template for the upcoming year. I just finished this process for the year and ended up saving some money on my electric bill and updating the amounts for several categories in my budget template as I was either putting too much or too little in on a monthly basis based on my past year of spending history. Finally, I took a look at my financial goals and made sure that my template aligned with what I had set as those goals. I did forget to discuss pulling your credit report, sorry about that! You get one free credit report each year from each of the bureaus to verify accuracy. This is always best practice to make sure that there are no mistakes or fraudulent activity on your reports. What do you do on an regular basis to make sure your budget it helping you towards your goals?
Until next time,