You budget your money because it’s important to keep track of it.
You know the importance of tracking. You’ve seen how a dollar here and there can really add up.
What about your most important asset? Your time. It’s not replaceable like money. When it’s gone, it’s gone.
Do you know where your time is going as well as you know where your money is going? You’re about to.
Here’s how to budget your time like you budget your money…
So you’ve decided to start budgeting. Good. The first step to recovery is to admit there is a problem.
Honestly, creating your budget will be the easy part. As you sit down and assess all your numbers, you will begin to realize where you are wasting your hard earned money. A feeling of disgust will rush over you as you analyze each dime spent and recognize you could be saving a lot of money each month. If you only knew that all of the coffee stops and weekend adventures would eat away at your bank account. It is astonishing how much we continue to withhold our own financial information from ourselves.
Now you have decided to start a budget and take control of your finances. Frugal spending, wise saving and cutting back seems easy, and it can be. But just like any addiction or habit, controlling the emotional aspect can seem to be the biggest challenge. While you are budgeting you will be traveling a winding road of emotions. Some with the intention of derailing your budgeting efforts.
So let’s take a look at what you can expect emotionally while embarking on your budget expedition.
Who doesn’t like to travel?
Traveling is fun and exciting, but it can also be scary and overwhelming if you aren’t used to it. Especially when traveling internationally.
There are many things to know and this guide doesn’t cover everything, but it does show you the most important things that you need to know.
First, here’s what you need to do before you hit the road…or the sky…
Budgets aren’t easy. They’re not always easy to create and they sure aren’t easy to stick with.
It takes discipline and persistence. And consistency. And…well, it seems hard, doesn’t it?
That’s because it is…or at least, it can be. Sometimes it feels like there are holes in your budget. Unexplained black holes that suck your money in or areas that you just don’t think about.
Here are 5 areas your budget may be missing…
Americans waste a lot of money, but are we just following in our government’s footsteps?
Either way, we definitely shouldn’t be looking to them for advice. They waste money. A lot of money.
Since we don’t directly control how our government spends money, why not make fun of it? We laugh to keep from crying, right?
I found a really interesting infographic about entrepreneurship, but it seemed sexist, so I posted an infographic about the single man’s finances. Because that makes sense.
In all seriousness, I don’t find this one to be sexist. It’s an interesting comparison between men and women’s spending habits.
Over half the adults in the United States are married, but what about the other half?
This is a look into the finances of the single man. It’s also a look into the finances of the single woman. As much as people think women are known to be shoppers (you discriminators, you!), it turns out that men actually spend more than women on almost everything.
You’ll see what I mean below…
If you’re looking for budgeting tools, look no further.
I’ve compiled an all-inclusive list of every high-quality budgeting tool I could find and put them all together here.
I’ve even included the price (if there is one), the format(s) available and a brief description of each. I’ll start with my favorites and then move on to the rest.
Let’s jump right in and see what our options are…
There are many ways to get all your accounts in one place.
There are also ways to automate your budget.
Mint.com comes to mind.
Your bank may even offer online banking that budgets for you and allows you to add outside accounts to your dashboard.
That’s all great. I love automation. But I’ve found the cream of the crop.
All your accounts in one place? Check. An effective automatic budgeting system? Check. And that’s not all they do.
Personal Capital is great for budgeting, but it’s really great for investing!
Let me show you what sets Personal Capital apart from the rest…