Now that you’ve categorized your spending and considered whether or not it meets your needs and desires, let’s use Day 25 of 31 Days to a Better Bank Balance to get your spending plan created and put into use. (After all, what good is a plan if you don’t use it?) » Read more
Category Archives: Budgeting
Back on Day 12 of 31 Days to a Better Bank Balance we categorized our spending into three categories: needs, wants, and high-priority wants as a step toward getting off the debt merry-go-round. We then prioritized those items into order of importance (based on what’s important in our own individual situations.) » Read more
Ask for advice on getting your finances under control or on getting out of debt, and chances are excellent that people will tell you to track spending as the first step.
I’m prone to suggesting that myself, because tracking my spending was one of the pivotal points in changing my own financial future. But…tracking every single thing you spend money on seems like an awful lot of work, doesn’t it? » Read more