Budgets – the foundation of every financial plan and the word that has a tendency to make us run for the hills. When people think of a budget, it’s easy to be scared off by the confinement of it – now you’ve drawn up a budget, there’s no room for fun or social plans is there!? Wrong!
Not too long ago I wrote why personal budgets often fail. Budget failure is a common outcome. Many of my friends faced the similar situation, going over a budget by as early as mid month. Often it’s not your spending habit but, your budget that was wrong in such situation.