It is now time to take the sum of your income section and subtract your expense section from it. If you have a positive dollar amount, congratulations you will have extra spending money this month that you can use to put in savings or buy yourself a gift. However if your dollar amount is negative, you will be over spending this month. At this time you will need to look over your budget and see where you can cut expenses. Try to keep your projected budget positive just in case you end up spending more during the month than expected.
If you find that you cannot cut any expenses or if you cut expenses but still are negative, you might need to borrow money to increase your income for the month. Sonariz Financial has various loan options to help you through a negative budget. You can always give us a call at 928-782-6900 or visit us to discuss options to increase your income. Visit our Contact Us page for more contact options.
Get a budget planner to help you budget.