the cutback in spending is not so much that the family will question the move
Dallas, TX (PRWEB) May 13, 2014
National Debt Relief shared in an article published last May 11, 2014 pieces of advice about budgeting from experts. The article titled “Here’s Budgeting Advice From Four Top Money Experts” shares excerpts from 4 world-renowned money and budgeting experts in the industry. It aims to educate the public more about money management.
The article highlights key learnings from 4 different budgeting experts and explains their use in everyday consumer life. The material explains the practicality and use of each key piece of advice.
Suze Orman - Gaining popularity through a CNN TV program and from authoring the book “9 steps to Financial Freedom,” makes her a reputable voice in the industry of personal finance. The article shares her view on cutting back 10% in family spending. The article goes on to explain how it can benefit the savings account tremendously in a short span of time. And the cutback in spending is not so much that the family will question the move and the motive.
Dave Ramsey - The financial author TV personality, radio host and motivational speaker shares his wisdom when it comes to groceries every month. He mentioned that people tend to budget around their expenses totally forgetting about the groceries. The article further explains that it is best to over budget for groceries by looking at the past tally and adding about $50 on the expense. It is always better to over budget and save up rather than going over the budget.
Rick Adelman - This NBA player and coach who recently retired as the Minnesota Timberwolves head coach shares how important it is to look at the past to prepare for the future. It is a good idea to check what expenses were incurred in the past. The total of those would most likely be the amount again in the succeeding years. This helps consumers on a take off point when preparing a budget for the year.
Gail Vaz-Oxlade - This Canadian TV celebrity and “'Til Debt Do Us Part” host discussed the concept of magic jars. This finance author explains how making use of this practical financial practice can save up overspending for items in the budget. The article explains that magic jars are where money for food, clothing and other expense items are placed. When the time comes that the consumer is about to make the purchase, only the contents of the jar will be used. It keeps the purchase within budget and prevents overcharging.
The article also explains the importance of creating a monthly budget. It shares that no matter how much advice consumers get from experts, if budgeting is not practiced, it will be hard to understand.
To read the rest of the article, click on this link: http://www.nationaldebtrelief.com.