Do you know where your money goes every month? If you’re like many Americans, the answer is a yessy maybe, or a hesitant “eh, kinda?”. So this week I’m talking about that dirty B word - no, not that sister in law of yours that you can stand...not that B word. I’m talking about budgets.

The word “Budget” gets such a bad reputation, because it conjures up images of carrying around envelopes of cash, and restricting yourself to one starbucks a month, and definitely no target runs! That all sounds like a bad dream.

But what I mean by budgeting within the context of this week’s tips is just getting a handle on where your money goes every month. How much do you actually spend on your mortgage, groceries, eating out, travel, etc.

Budgeting doesn’t have to be this suffocating overlord, trying to ruin every pleasure you have in life. Instead, knowing where your money goes every month and tracking your income and spending gives you freedom!

So this week I’m going to share with you why you should never retire without having a budget in place, how to plan for changing expenses in retirement, ideas for course correcting if you have a shortfall, how to find a budgeting tool that works for you, and the quickest and easiest way to get started with a budget if you aren’t already tracking your spending.

That’s it for today. Thanks for listening!

My name is Ashley Micciche...and this is the One Minute Retirement Tip.

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