Whether you are a new couple just starting out or a family who has to get a handle on their finances, preparing and sticking to a realistic budget isn’t as hard as it sounds. Before you even begin to add up everything, you’ll need to make a list of everything that you spend money on. … Continue reading Preparing a Realistic Budget
Category: Budgeting
Effective Budgeting: Good Money Management
One of the most difficult situations people face in life is financial difficulties. The main reason for this is poor budgeting. Often, people are not taught how to budget early enough in life to understand how important good money management is to living a debt-free life. Here are a few keys to help you begin to budget effectively: … Continue reading Effective Budgeting: Good Money Management
Three Reasons Why Budgets Fail and How to Overcome Them
Does the word “budget” make you groan? If you’re like most people, you’ve probably created budget after budget only to see them fail time after time? Why do budgets fail to work? How can you build “success strategies” into your budget process? Here’s a snapshot look at four reasons budgets fail and what you can … Continue reading Three Reasons Why Budgets Fail and How to Overcome Them
Four Budgeting Pitfalls to Avoid
Budgeting doesn’t usually make the top of anyone’s want to do list. But having a budget is an important part of managing your money. Budgeting is the best, most practical way to keep track of your spending—and more important, to keep a grip on it. Still, there are a few things you need to watch … Continue reading Four Budgeting Pitfalls to Avoid
5 Steps to Budgeting Success
Successful budgeting is key to good financial health and it really isn’t hard. It just takes some thought and time. These five steps will help create a budget that’s not only realistic, but is successful as well: List your expenses Make a list of your fixed expenses such as mortgage or rent payments, car payments, … Continue reading 5 Steps to Budgeting Success
Sample Monthly Household Budget
Below is a sample monthly budget. A budget may be used to help you manage your money. It is an estimate of your income and expenses over a period of time. By creating and using a monthly budget, you can get a better idea of where you spend your money, to whom you owe money, and how … Continue reading Sample Monthly Household Budget
How to Create a Personal Budget: Tracking Expenses
Since you are here, you probably discovered that you need to start tracking your expenses, and learn to spend less, and save more. That’s great! Creating a personal budget is an important first step to building sound money management skills. What is a Budget? A budget is a plan for managing your money. It is an estimate of … Continue reading How to Create a Personal Budget: Tracking Expenses
5 Steps to Healthy Spending Habits
Next to our physical health most of us are primarily concerned with our financial health, and with good reason. Although our intentions are usually good, our follow-through and discipline generally isn’t. Mere mention of the word budget or cutback sends us into fits. Healthy spending habits need not be synonymous with deprivation – a bad … Continue reading 5 Steps to Healthy Spending Habits
Extreme Budgeting: Is it for You?
The recession might be showing signs of ending (at some point), but those benefits have really not trickled down to the average, everyday consumer. In fact, quite a few people are still struggling with money, some even struggling to pay their regular bills, much less sock away a few bucks for savings. The traditional course … Continue reading Extreme Budgeting: Is it for You?
