Learn how to create a spending plan and manage your money better
In regard to budgeting money, Charles Dickens once said,
“Annual income twenty pounds, annual expenditure nineteen—result happiness. Annual income twenty pounds, annual expenditure twenty-one pounds—result misery.”
Spending more than you make can be fun for a while, but in the end, Charles Dickens is right—it can be misery-making. There is nothing fun about paying interest on money you have already spent. The good news is that life doesn’t have to be this way. If you have been spending more than you make, you can reverse the process and escape the misery. If you haven’t been overspending and you are simply trying to be pro-active and make a plan to avoid misery, then you are steps ahead. We have loads of free resources created to help you develop your own spending plan: a budget.
Budgeting is the process of creating a plan to spend your money. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.
If you don’t have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you. Learn more about budgeting and why it’s important.