• Save The Date

    Chris O'Shea

    The benefits of a budget calendar 

    If you’re having trouble sticking with your current budget, you might want to revise it and create a calendar-based budget. The reasoning is simple: You use calendars to keep track of all sorts of important events, why not use one to track your money? Here are some of the benefits of a calendar budget.

    A Bump Up 

    As US News notes, when you track your fixed expenses (like mortgage or rent, utilities, etc.) you’ll understand your cash flow much better. Go through your past bills to find when they’re due each month, then plug reminders into your budget calendar so that you aren’t caught by surprise. With these dates set, your cash flow will no longer be a mystery.

    Better Score 

    Now that you’re tracking your dates, you’ll make more payments on time. That means two good things: You’ll be paying less late fees and your credit score will likely get a boost.

    Increased Savings 

    Much like plugging in bill due dates, you should use your calendar budget to pad your savings. If you’re not automatically depositing money into a savings account, set a reminder every other week or once per month to do just that. The key is keeping the action at the top of your mind. It’s much harder to ignore making a savings deposit when you get a notification reminding you.

     
    Back to Blog

    Leave a Comment

     
       
     

    characters remaining


    Comments

Give Us a Call

We look forward to chatting with you.

(800) 553-0880

For new loan related inquiries, call

(877) 988-0471

View Our Contact Info

Visit Us in Person

We’re here to serve your needs in person at our San Jose Headquarters. Visit us at 2010 N. First Street, San Jose, CA 95131.
Get Directions

Want More Info?

Interested in learning more about all we have to offer? Receive personal finance tips along with emails focused on key topics. You can even sign up for our monthly newsletter.
Request More Information

[+] Feedback