Budget Blues

"No time" is one of the top excuses for not preparing a budget.  Failing to budget may lead to personal bankruptcy.   A budget is crucial to to manage your money otherwise you may spend your way to serious problems.

• Set a spending limit.
• Track expenses.
• Develop smart spending habits.
• Use credit cards wisely to avoid unnecessary interest or penalty.
• Pack lunch if you can.
• Share resources like car-pooling or books/magazine.
• Reduce fixed expenses
• Ideally not more than 60% should be on expenses.

Budgeting requires discipline to succeed, but once it becomes a habit, you will reap the benefits tremendously.