January money tip: Start a budget

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Sometimes an investment of time will produce financial returns.  Budgeting is like that – invest a few hours up front to plan where your money should go, and you’ll wind up with more in the bank at year-end.

The key is to PLAN (budget) and then tracking your spending to see how you’re doing against that plan.  You can always tweak the plan as time goes by, if you find that your plan needs adjusting.

The first month of the year is a great time to get started, and there are free online tools that can help. Two that I’ve found useful are Mint and Budget Pulse.

If you do decide to adopt a budget this year, please let me know how you’re doing!

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