Budgeting is a key component of expense management. It helps you track all your expenses, allocates your money, and helps you maintain positive cash flow. This is an essential process to help you stay out of debt and have enough left over at the end of the day to start building wealth. Additionally, check out these related sections: smart spending, taxes, and insurance and risk management.
Budgeting is a subsection of expense management.
Technology has provided us with a number of ways to stay on top of what’s happening in our lives. This, of course, includes our finances. There are a number of online financial management applications that can […]
Have you ever been caught off guard by an annual expense that you had forgotten would need to be paid this month? Maybe you pay your life insurance with one payment every year or your dog […]
Why do so many people manage their finances without using a budget? This is just an educated guess, but maybe it’s because most of us aren’t accountants. I’m not trying to ruffle any feathers here, but […]
Can you afford the basics? What are the basics, anyway? According to a recent article in USA Today, it takes about $150,000 a year in order to cover the basics, set aside money in savings, and […]
One of the money saving techniques that has gained in popularity since the financial crisis and subsequent recession is couponing. Many households are looking to save any amount of money that they can, and clipping coupons […]
There is a popular SNL skit that made the rounds not too long ago. It’s called “Don’t Buy Stuff“. Personal finance bloggers love it. It’s still hilarious even now. The skit, at one point, talks about […]
There are many families these days living on tight budgets and in many cases, even the income they are earning each week is still not enough to make ends meet let alone do much of anything […]
A budget is a plan to help you balance your income against your expenses. Depending on your situation, you might budget to break even and stay out of debt, but if your cash flow allows it, […]
You know the drill when you set up a budget. You write down how much income you have and then you decide how it gets split up. You can use various techniques like a zero based […]
At least quarterly, Mr. B and I try to take a look at our budget. How is it (or isn’t it) working? Since we are considering buying a house, we have also been looking for ways […]
