Category Archives: Budgeting

Personal Budget: keep yourself out of trouble!

personal budget

The personal budget topic is a serious one. We already discussed the importance of having one, how to create it, what to do with it, and a variety of tips about how to manage it. Now, let’s talk about those things that you need to be cautious about to avoid hurting the budget.

Most of the time, our spending habits are not good for our budget management. We need to take time to analyze them and try to change them.

The following are a list of things to keep in mind since they can affect the results in our budget.

Personal Budget – Important first step!

personal budget

One of the most important things to worry about when trying to have healthier personal finances is the amount of money we spend. On a daily basis, we are prone to pay for little things that may look harmless at first because of the minimal amount of money it is costing us at the time. But, if we were to keep track of all these expenses, at the end of the week/month we would be surprised of the total amount.

Personal Budget: Let’s build our own.

Personal Budget

Budgets are important! Companies live and die by budget management, why shouldn’t you? Let us take a few minutes to detail how to elaborate your own personal budget. As a reminder, a Personal Budget is a document where we quantify the incomes and expenses that we expect to have in a period of time.

Mint.com – Makes keeping track of your Finances easy!

expenses

You cannot improve what you do not measure. I have learned this mantra in business but have seen significant benefit in my personal finances. Hopefully, like me, you’ve diversified your investments investments, not only in different financial products but at different financial institutions. It becomes a pain in the a$$ to keep track of balances and performance individually. Well, there’s an app for that! Mint.com is a web based service that allows you to track balances and transactions from a variety of financial institutions all on one easy to use user interface.