We’ve all heard the expression: hope for the best but
prepare for the worst. The truth is, we have no idea how things are going to
end up. You could walk in to work tomorrow and be let go. You could also walk
in to work and be given a huge raise. Always hope for good things to happen,
but if in your budgeting you are only prepared for the best-case scenario,
you’re setting yourself up for disappointment and some tough challenges ahead
Don’t wait for all the lights to be green before you leave
your home; that will never happen. When the chips do fall into place, they will
usually be somewhere in between your worst-case scenario and your best-case
scenario.
You need to go back and review your budget while answering
this simple question
· Is my budget optimistic, or is it realistic?
· Do I have a rainy day fund?
BN Focus – Make any needed changes to your budget based
on your answers to the questions above.
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