Tuesday, March 2, 2010

Tips on the Closed Circle

How you can you ensure an effective and successful Closed Circle? Here are a few important points to remember:

  • It is very important for married couples to agree on their Closed Circle. One of the main causes for divorce is division over finances. When a couple agrees on “How Much is Enough”, finances are much less of an issue.
  • Be diligent and consistent with your Closed Circle, enter your receipts daily or weekly.
  • Your Closed Circle should be reviewed and adjusted annually and upon any major life changes.
  • Accountability is important. If you are married, your spouse is your accountability partner. If you are single, you need to appoint a family member, friend or mentor to be your accountability partner.

I hope you have more of an understanding about the Closed Circle budget by this time. If you need my help in clarifying some points, let me know. I will be glad to help!

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