| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



Never Fear Your Finances: The 'B-word' Is For Budget - Articles Surfing

DON'T say the B-word. What caused this stigma I have no idea, but one thing is for certain, people who don't know how to handle their money in the most basic ways know one thing for sure, don't tell me to 'budget'.

The fact of the matter is this, the basics of budgeting, simply taking all of your income in and calculating expenses going out to arrive at your (hopefully) positive balance, remain an integral component of basic money management. Whether you're a youth, or just ready to take control of your own money, understanding where you money goes is crucial.

But get this, not only is tracking your spending and earnings crucial, there's an even more important step in the mix. Responsibility combined with maturity must go hand in hand with proper money management or all planning and intentions go out the window. This is why budgeting has received bad attention-it forces people to make decisions they don't want to.

Face the facts, in order to take control of your finances you need to make some important decisions, the biggest ones are likely the reduction of your spending. North Americans are the worst in the world when it comes to spending more than they earn. The first step in proper budgeting is creating a plan you can stick with. Some of the biggest stumbling blocks are reigning in the spending.

It may appear like you can control or maintain your current level of spending, however, remember, having ZERO in your balance between income and spending doesn't mean you're a smart financial planner, it simply means you can't control your money. Something always has to give when you're changing from financial consumption to financial frugality. It hurts to think about it, it's usually undesirable to handle it, but without tough first steps don't expect any advancement in your own money situations. You are in control of your own money and only you can make it happen.

Submitted by:

Barry Wireless

http://www.discusseconomics.com discussed within our Finance forums. DiscussEconomics provides consumer forums for money questions and answers; also provide a number of very useful personal financial articles.



        RELATED SITES






https://articlesurfing.org/finances/never_fear_your_finances_the_bword_is_for_budget.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B