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Budgeting - Lehigh University

Budgeting Where are you now? Where are you going? Where do you want to go? Copyright 2007 Stephen G. Buell What is a budget? A budget is a document for recording actual and projected income and expenditures over time A budget forces you to consider What's important to you? Life is a series of trade-offs Belonging to health club or eating at nice restaurants Paying for your kids education or a new Ferrari Retiring at 50 or enjoying work until 65. Having your spouse work or stay home with the kids Stay-at-home parent makes equivalent of $100,000 a year Helping others less fortunate or helping yourself Living in a comfortable house or a mansion How do you want to live?

8 Copyright ©2007 Stephen G. Buell Bank with Wachovia or the Buells I have $150 automatically transferred each month to a Wachovia savings account used only

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