Proper budgeting is crucial to help you save money and ensure a bright financial future. However, the process can be difficult to get started, especially if you’re already having financial issues. As a trusted CPA in Gig Harbor, WA, Linda M. Shiraiwa, CPA, PS, recommends the following advice to help you boost savings and get your finances back on track.

3 Simple Budgeting Tips From a Washington CPA

1. Be Realistic About Your Goals

While you may want to build your savings quickly, the truth is the process is bound to take some time. That’s why setting realistic goals is recommended. Try to put aside a little bit of money from each paycheck and slowly increase the amount as your financial situation improves. Setting lofty goals is bound to leave you feeling disappointed should you fall short.

2. Keep a Record of Your Expenses

Many people are unaware of their daily expenditure. Even if you track your bills, consider what other aspects you spend money on. Making a comprehensive list of all your expenses can serve to be a real eye opener in this case. Once you know where your money is going, you can begin to make smarter choices about your finances. People who utilize online banking can even break down their purchases into certain categories to gain insight.

3. Focus on the Necessities

Certain expenses can’t be denied. However, many costs that people believe to be necessities are actually just things they really enjoy. For instance, packing your lunch for work instead of eating out can save quite a bit of money while also ensuring you have a wholesome meal. The same can be said for your daily cup of coffee and other costs that represent wants, not needs.

Accounting services offer more to clients than just tax help. A CPA can also help you plan your finances for the future, whether you’re a business owner or a recent graduate just starting out on her own. Linda M. Shiraiwa, CPA, PS, provides her Gig Harbor clients quality advice based on her extensive experience and professional skill. Call (253) 858-6030 today to schedule a consultation to discuss your financial needs. You can also visit her website to see the complete listing of services.