Following up on yesterdays Budget Basics post I thought it would be fun to come up with a list of reasons NOT to have a budget. I know 13 is usually considered an unlucky number, but so is not having a budget. So, here goes:
1. Creating a budget is way too much work and [...]

Considering the images that are typically evoked by the thought of a budget it’s not surprising that many people don’t like the thought of budgeting. Many people hear the word budget and they cringe, at least inside. For some reason the very word budget has been given a negative connotation in our society. [...]

If there is one piece of personal finance advice that is agreed on by pretty much every personal finance expert and guru it is “Live on Less Than You Make”. Since much of personal finance is based on common sense you can see why everyone would agree on this one small step. It’s [...]

Gambling your savings or even worse from money you don’t even have yet can be a really bad idea when it comes to your personal finances. Anything from lottery scratch cards to online poker to high stakes Vegas table games can be considered gambling and typically winning in these types of games is the [...]

An increasing trend for many subscription based services is to set you up to automatically rebill at set intervals. While this can be a good budgeting tool for necessary recurring bills like utility payments and car payments it can be a huge headache for unnecessary expenses.
Case in point. My wife bought me several [...]