(716) 842-0145

295 Main St Suite 914 Buffalo, NY 14203

900 Camp St Suite 4C5 New Orleans, LA 70130

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Raymond James Financial Services is not affiliated with New Orleans Chamber of Commerce.


Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC Privacy Policy</a/<a

Goldfarb Financial is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Certification awarded by an independent nonprofit organization B Lab. This certification recognizes businesses that meet rigorous standards of social performance, accountability and transparency. The 2019 Best for the World lists are determined based on the verified B impact Assessments of Certified B Corporations. The B Impact Assessment (BIA) is a free Online tool designed to comprehensively measure the positive impact that businesses generate for their communities, customers, workers, and environment; administered by the independent nonprofit B Lab. Criteria can be found at https://bcorporation.net/2019-best-for-the-world. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the firms’ or the advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. B Impact and Best for the World is not affiliated with Raymond James.

  • Jeffrey Goldfarb

Own Your Freedom with a Budget

Budget | Expenses | Income | Money | Food

Whether you use Quickbooks, Excel, or a traditional pen and paper, a budget is your fastest route to financial confidence. Simply addressing the ins and outs of your finances in a tangible format will show you your fiscal boundaries and how to navigate within the lines. The most difficult part is setting it up, but once you organize the right format, each budget moving forward becomes easier and easier.

Let’s look at the three categories that make up any budget, and go through them one at a time.

First: Income

Before you can figure out your expenses you need to address exactly where all the money in comes from. This is where you list your regular paycheck, any dividends, and any secondary or passive revenue streams. It’s best to be conservative in your projections for income. If your income fluctuates prepare for the low end. That way any additional income feels more like a windfall.

Second: Expenses

Once you have a clear and conservative estimate of your income you know the boundaries you can operate within. With expenses you should prioritize their importance and note whether or not they are recurring.

A difference between the two is both rent and food are necessities, however rent doesn’t change month to month while food can be adjusted with different incomes.

Clearly defining your recurring monthly expenses will make all future budgets incredibly simple, because the numbers will already be there.

Identifying important expenses that fluctuate month to month is important because the line item will be there each month ready to adjust. If you use a program like excel you can even create a simple macro that identifies what percentage of your income goes to food, travel, entertainment, etc and it will automatically adjust when you type in your new income.

Third: Savings

Once you’ve identified how much money your bring in and how much goes out from month to month you may have a small surplus. This surplus is just as important as your expenses. Deliberate use of money, even if it’s to deliberately save is important to maintain fiscal autonomy.

Options with this surplus are as simple as putting into a savings account, or moving to a financial advisor.

Those are three simple steps to stay on top of your monthly budget. If you have any questions please contact us we would love to grab a cup of coffee.

Any opinions are those of Jeffrey Goldfarb and not necessarily those of Raymond James.