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.
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 [...]
One of the realities of life is that sometimes unexpected financial emergencies can strike. Indeed, you never know when a natural disaster, job loss or some other catastrophe will strike. When you do run into financial [...]
The way your money moves through your personal economy is known as cash flow. Your cash flow includes the money coming into your personal financial possession, and the way money moves out of your possession. You [...]
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 [...]
Even though hot temperatures of July are as far removed from winter in December, starting your holiday shopping plans in the middle of summer can do wonders for your budget and satisfy your love for gift-giving. [...]
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, [...]
Baseball season is back. That means the long road to September is beginning now for MLB teams across the country. As they say, it’s anybody’s pennant right now. The same goes for financial security. If you [...]
One of the most common misconceptions about budgeting is that is takes a l-o-n-g time. Most people who do not learn how to make a budget do so because they believe they don’t have the time [...]
Since passing my CFP® exam, more and more of my friends are coming to me for financial advice. Sometimes they have a specific question, sometimes they want to create a plan to get out of debt, [...]