To my knowledge, geneticists haven’t found the budgeting gene in our DNA. When I first started doing a budget I found it incredibly difficult and thought that people doing budgets must have been born to do this type of stuff! Thankfully, through continued persistence and a dogged determination to try and get better at forecasting …
When I started creating budgets, I used a simple technique to help cast a new monthly budget: I applied what happened last month and used the same figures for the next month! This was a very lazy approach to forecasting, and soon I discovered that some expenses changed depending on the season. Seasonal expenses or …
Budgeting is a continuous process that involves reflecting back on what you had cast with your previous budget, comparing your forecast to what actually happened, understanding why the budget didn’t align with actual expects, and making the necessary changes with your forecasts for the next budgeting period. The budgeting process can be as simple as …
Budgeting can be a difficult task, but it is one that many people need to do. A budget is simply an estimate of your income and expenses for the month or year. It helps you plan your spending habits so that you have money left over at the end of the month. If you are …