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Friday, September 11, 2009

Guideline To Budgeting - How To Create A Functional Budget

We often hear people saying that, ‘Failing to plan is planning to fail’. A budget is all about planning. A budget is important in our businesses as well as in our homes. A budget basically outlines how we intend to use our financial resources.

It is important to invest in a pen and book where you take note of all your spending over a period of time. In this era of technology, you may opt to use a high end user phone or a portable computer where you enter all items that you purchase. Whichever your preference, just make sure you do not forget to note your spending.

Small items such as a bar of chocolate, sweets, birthday cards or a match box may not seem significant but they do amount to a large amount at the end of a year. It is therefore important to note every little item that you purchase and indicate the date when you did the purchase.

At the end of every month, group and add up all related items and the amounts you spent on them. This clustering of items will let you know how much you use on household items, food, outdoor meals, and entertainment among other items.

Monitoring your expenses for a minimum of six months will indicate approximately how much you need for each clustered category of items. This also helps you to draw an almost perfect budget as you can easily see which items should be eliminated when your finances are low and which items should be added in case you have some available funds.

With good personal budgeting skills, the same principles can be applied in any business setting and bear exceptional results.

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Achievement - Power And Ability Of A Positive Mind

“Attitude is everything!” This statement carries so much truth that if every one took time to think about it and make necessary adjustment in life, then our lives would change for the better. Many times in our quest for self improvement, we have concentrated on changing and improving many things but our attitude.

Attitude is a person’s frame of mind. It is the mindset that a person has that helps him to develop a world view. Attitude is expressed by how we respond to issues. One person once said, “Life is not what happens to you but how you respond to issues”. Two individuals may encounter a similar negative situation but how they will each respond will determine the outcome.

One of the main attitudes we need to embrace is cultivating a positive mindset or attitude. As you read through history you encounter ordinary individuals who did extra ordinary things. Moses in the Bible was known to stammer in his speech but he became the deliverer. Abraham Lincoln on the other hand educated himself; he had no formal education but became the most acclaimed president in the history of the United States.

Mother Teresa, a simple nun in Calcutta also became an icon through her acts of mercy and philanthropy. The list could go on and on. What characterized these people was a positive mindset, they all believed in possibilities and they responded decisively for the good of humanity.

Regardless of your present status and condition, you can accomplish anything with positive thinking. There is power that is released through positive thinking and once it is released, it will always work for you. Positive thinking acts to enhance your abilities and virtues. Nothing is impossible to him that believes.

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