Many people are reconsidering their budget to prevent holiday overspending over the next few months. If you are one of these people, good for you but why stop there? This is a great time to look further ahead and tackle your 2018 budget.
Lay out your calendar, spreadsheet, or whatever method you use and let’s get to work on next year's budget. Here are some helpful hints to consider as you dive in.
Should you proceed on to 2019? Probably not. You don't know enough details to budget that far into the future. However, what you should do is take into account longer-term expenses, purchases and income changes in this year's budget. For example, if you know you need to save more to meet a college tuition goal in 2020, you cannot start early enough.
Congratulations for getting ahead of the game and working out next year's budget ahead of time. You have won half the battle already. Stick to the fiscal discipline of your budget throughout the year, and you will win the other half.
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Originally Posted at: https://www.moneytips.com/5-tips-to-make-your-2018-budget
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