Budgeting can seem like math minus the fun – and we all know how fun math is. What’s exciting about adding up all your expenses and seeing that you spend way too much each month and need to cut back? Or maybe you put everything on your check card so you won’t overspend. Genius, right? Except you’re not building credit then, and unless you’ve also set up an automated transfer into a savings account, you’re probably not retaining any money either. But many people don’t want to hear that. Let’s examine five common myths that keep people from budgeting.
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When you take that first leap toward financial independence, it can be rather overwhelming. People start throwing abbreviations at you like FICO and IRA, and you may often be left scratching your head. Don’t worry! With these five easy steps, you’ll be well on your way to financial success.
Have you ever looked at your bank account a few days after your paycheck was deposited and wondered, where the heck did all my money go? The key to finding out where your money is going is to track your spending. To get started, here are three top tips to keep track of your expenses, so you can evaluate ways to save money and keep your hard-earned cash in your bank account a little bit longer.
Handling your monthly budget planner might seem unmanageable. But if you learn and practice how to organize monthly bills, you can save time, worry and even money. When you pay bills late, you may suffer numerous financial consequences, like late fees and a hit to your credit score. This can quickly stretch even the best-intended monthly budget too thin. Fortunately, several ways exist for you to learn how to organize monthly bills that do not require learning a lot of new skills or spending money.
Whether you’re using cash or a credit card, it’s easy for spending to get a little out of control. Fortunately, there are steps you can take to get a handle on your spending and always know how much is in your wallet.
Building financial security means taking care of the big things. Fortunately, there are a lot of helpful personal finance sites available that dispense great advice on “big picture” elements of financial health. But what about that day-in, day-out food budget? It’s part of your financial health, too. Here are six tips for getting the most out of your food budget and enjoying the most nutritious, freshest food imaginable.
Whether you’re living paycheck to paycheck or you have a surplus of savings built up, learning to budget your money is vital to proper money management. To make sure your budget does what it’s supposed to, avoid these 11 budget planning blunders.