Archive for the ‘Budgeting’

  • Why Most Budgets Don’t Work?>
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    Why Most Budgets Don’t Work?
    Budgeting is certainly not an easy task, and most of the time the attempt fails as people try to implement theoretical procedures. There are several practical implementations that aren’t even considered by many of the financial consultants. Why Your Budget Doesn’t Work? There are several tiny points, but the ones that affect the result of your budget considerably are: They aren’t real Budget for one month doesn’t connect with the other They don’t tell you what to do with the surplus money, once all the categories are filled Let’s have a look at each of them one by one: They Aren’t Real There are several reasons why most of us plan to start our budget. Some are motivated by their financial consultants, some really want to save money for repaying debt  [...]
    at July 7th, 2010 at 07:07 am
  • A Crash Course in Personal Finance Budgeting>
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    A Crash Course in Personal Finance Budgeting
    Although personal finance includes variety of concepts, it starts with a simple tool – personal finance budgeting. If you have a requisite budget, you don’t have to worry about your funds, it’s all safe. Instead of deepening into the significance of personal finance budgeting, let’s get started with how to go about with it. Here is a 5 step crash course in budgeting. 1.    Analyze your Expenses and Income First step includes jotting down your expenses and income. Period. You don’t have to break it up into any categories. Do not, however, forget to mention every source of income, every penny that comes to you whether it’s birthday check, inheritance, salary, and so on. Same applies to expenses as well. Do not miss out on anything to have a proper, accurate budgeting tool. 2.    [...]
    at May 1st, 2010 at 12:05 am
  • If Diners Go On A Budget, Can Restaurateurs Be Left Far Behind?>
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    If Diners Go On A Budget, Can Restaurateurs Be Left Far Behind?
    The economically bad times have compelled food enthusiasts to put their cravings on a backseat while savings took precedence. Those amongst us who cannot resist the longing of the taste buds could not stop ourselves from visiting restaurants even during these hard times. Only thing we did was to control our temptations and eat less, less frequently. The restaurateurs on the other hand, have tried their best to attract us by giving huge discounts and attractive offers which many of us availed. But restaurateurs are also as vulnerable to the bad economic conditions as their customers. Therefore, they too have devised ways to cut down upon their expenditures. According to Labor Department statistics there are about 678,000 professionals from different industries who are putting a scanner on extra  [...]
    at October 6th, 2009 at 01:10 am
  • Do You Really Need A Personal Vehicle?>
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    Do You Really Need A Personal Vehicle?
    Most of us own some vehicle or the other. Mostly we use personal cars, SUVs Limos etc. But do you know that though made out to be a necessity a personal car is not something that you can’t live without. Imagine, during this budgeting season, won’t you be doing better without having to make a vehicle payment? You can put that money to better use. You might argue that your employer does give you vehicle allowance but many times this allowance turns out to be much lesser than your actual expenditure. Let us take a look at the expenditures that you’ll have to put up with when you own a vehicle Garage costs- If you are staying in a rented apartment, you’ll have to pay the garage rental charges. Fuel charges are very high these days. Besides you really can’t avoid maintenance charges. Parts  [...]
    at September 21st, 2009 at 01:09 am
  • Most Frugal Cities of America in the Past One Year>
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    Most Frugal Cities of America in the Past One Year
    I must say the leading financial website Mint Life comes up with many interesting comparisons that let us know how we’ve been faring in comparison to our neighbors in this nation. This morning I saw this map that tells you about the most frugal cities of America in the past one year and how the spending differs on various categories. You can take a look at the map here. This map has been made after a survey on 1 million Mint members and it has been made analyzing 20 cities over twenty spending categories. The analysts made groups of 5 of cities which were spending less than the national average for the last one year in specific categories in which they were cutting the most. The expenditures shown below are the average monthly expenditures made by people belonging to 5 cities in the least  [...]
    at September 17th, 2009 at 04:09 am
  • Why Should Recession Make Your Wedding a Seasonal Affair?>
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    Why Should Recession Make Your Wedding a Seasonal Affair?
    Marriages are made in heaven. But sadly enough we don’t live in heaven after that. We come to this earth where money rules and we’ve got to plan our weddings once more according to our financial capabilities. No more is it like in God’s land where marriage is a matter of two compatible souls. It’s more a matter of compatible wallets today! Apart from gifting your partner there are a lot of expenses involved in the celebrations! Well we don’t mind that actually because it’s a once in a lifetime, oops sorry…a supposed-to-be once in a lifetime occasion (these days rising divorce rates have made marriage a multiple times affair!)! But when you’ve suffered the recession, do you think you have enough money to host a gala event for the occasion? If you think you don’t, no need to  [...]
    at September 15th, 2009 at 04:09 am