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Wednesday, May 27, 2015

17 Of the biggest #budgeting mistakes by MSN #Money


17 Of the biggest #‎budgeting mistakes you're making... #‎MSN #‎Money
 

1. Estimating How Much You Spend instead of knowing for sure...

2. Forgetting to Save for the Unexpected

3. Unrealistic Expectations

4. Budgeting Based on Your Gross Income

5. Not Considering Cheaper Alternatives (phone, cable, internet)

6. Too Many Financial Accounts (too many cards)

 7. Buying Too Much House (The McMansion syndrome)

8. Spreading Yourself Too Thin (You can't do everything)

9. Never Adjusting Your Variable Expenses

 10. Never Updating Your Budget (Gotta review and update)

11. Choosing the Wrong Budgeting Software

12. Trying to Keep Up With Friends

 13. Dictating the 'family' Budget (Couples that pay together stay together) Work together!!!

14. Forgetting About Irregular Expenses

15. Stealing Funds From Other Categories

16. Depriving Yourself of Fun Money (Pay yourself!)

17. Thinking You Don't Need a Budget (If you fail to plan, you plant to fail...)
 
I loved this blog! Every single one of these is on point! Click the link to read the full story as they discuss each one of these budgeting mistakes in depth...
 
Dave Ramsey's free online budgeting tool...
 
Happy Budgeting!!!
 

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