In these increasingly tough financial times, it is no surprise that people are starting to think about the household budget and what can be done to save a little more money. Or at least get the spending under control.
I’ve got a guest post up over at Budgets are Sexy. It’s all about how the first rule of budgeting is to get your priorities straight. Head on over and give it a read.

There are many excuses people give for not budgeting their money, or for being poor financial managers:

I’m no good at math. How can I possibly create a budget?
I just don’t know how to manage money.
I don’t have professional financial experience. How can I be expected to know what to do?

However, these excuses sound pretty lame when you think about it. The fact of the matter is that you can manage your own finances. You don’t need professional experience, and you do not have to be good at math. But you do need to be willing to learn, and willing to …read more

SO, today, as I was thinking about what to write and looking into my reader, I noticed an article about budgeting myths over at Investopedia. This article goes over the basic point of budgeting (spending less than you make) and then launches into 10 budgeting myths. The #6 myth on the list really got my attention:
I don’t want to deprive myself
The article pointed out that, as long as you budget the money in and don’t go negative, then you don’t have to deprive yourself. (What is deprivation, anyway? Do you really need all that stuff?) The article sort of glossed …read more

With the Olympics taking center stage right now, there are many ways to reflect on the lessons that we can learn from watching the largest sporting event in the world. In fact, over at My Dollar Plan, there are 12 lessons to be learned from the Olympics.  It is an interesting take on the Olympics — and on personal finances.
Here are some of my favorite takeaways from the post:

Budgeting. Not only is budgeting an important part of putting on the Olympics, it is important in your life as well. My Dollar Plan mentions using budgeting and savings goals to watch …read more