Comments on: Budgeting Basics: Are Budgets Really That Bad?

By: tom

tom — Tue, 14 Apr 2009 02:53:23 +0000

In terms of knowing your expenses, if you don’t know, it makes sense to record all your expenses for at least one month and you will get a nice reality check.
I did that and was shocked to notice that I was barely coming on top.

Budgeting should be something you breath all the time, it should never leave you.

By: Craig

Craig — Mon, 13 Apr 2009 18:48:03 +0000

Budgeting isn’t bad, you just have to sit down and plan what works best for you. Everyone is different and budgeting doesn’t mean you can’t do stuff or bend. Just have to allocate it properly.

By: Matt @ StupidCents

Matt @ StupidCents — Mon, 13 Apr 2009 18:24:34 +0000

My wife and I actually put our monthly savings goal and investments in our fixed category. We make it a priority to save and invest for retirement, and if there is a monthly surplus, allocate it towards an extra debt payment or put it in our savings.

Good post for Financial Literacy Month.

Stupidly Yours,

Matt