Comments on: 7 Reasons Why We Need to Start Budget Tracking Now

By: How to Find Financial Stability in Unstable Markets | Rich Credit Debt Loan

How to Find Financial Stability in Unstable Markets | Rich Credit Debt Loan — Mon, 08 Sep 2008 13:23:26 +0000

[...] and foremost, if you don’t have a monthly budget, now is a great time to start one. You’ll need to divide all of your expenses into two [...]

By: Interesting Reads from Fellow Personal Finance Bloggers #5 | Our Fourpence Worth

Tue, 05 Aug 2008 16:02:46 +0000

[...] Money Ning gives us 7 Reasons Why We Need to Start Budget Tracking Now [...]

By: Everything Finance

Everything Finance — Mon, 04 Aug 2008 13:29:42 +0000

Carnival of Everything Finance: # 20…

Welcome to the August 4, 2008 edition of Carnival of Everything Finance.We had over 100 really good articles submitted for this edition. Unfortunately I ……

By: squawkfox » Welcomes, Link Love, and Carnivals Oh My!

squawkfox » Welcomes, Link Love, and Carnivals Oh My! — Sun, 27 Jul 2008 21:08:27 +0000

[...] Ning looks at 7 Reasons Why We Need to Start Budget Tracking Now and Popular Ways of Getting Passive [...]

By: Link Roundup: Hot Fun in the Summertime! | Counting My Pennies

Link Roundup: Hot Fun in the Summertime! | Counting My Pennies — Sat, 26 Jul 2008 12:16:32 +0000

[...] 7 Reasons Why We Need to Start Budget Tracking Now [...]

By: Dividend Growth Investor

Dividend Growth Investor — Thu, 24 Jul 2008 17:05:48 +0000

I just don’t like doing budgets every month MN. Once upon a time i did a budget for 6 months straight, but after getting busy I stopped doing it for one year.. And decided not to proceed.. I think that being frugal and thinking about purchases on the want vs need psychology is more important than simply tracking your expenses. But then knowing your expenses is an important part of knowing how much you need to generate from dividends/passive income/..

By: kathryn

kathryn — Wed, 23 Jul 2008 15:17:12 +0000

Tracking every dime is a lot of work, but I highly recommend doing it for at least three months now and then (or for a full year if you can stand it)…just because the information it provides is really useful.

1. It allows you to plan a realistic emergency plan, knowing ahead where you can cut and where you can’t, and how much you need to have set aside to weather the storm.

2. We found that it also gave us the opportunity to evaluate some expenses/purchases and decide if they were really worth what we were paying. (The total costs weren’t clear when the expenses just disappeared into regular spending.) We decided that we were spending way too much on cars (and chose to downsize and drive less) but that the gym membership was worth every dollar. You might decide differently. I felt more sure of my decisions after knowing how much we were really paying for things.

By: Festival of Frugality #135 - The Frugal All Over Edition | Antishay Ventenne

Tue, 22 Jul 2008 13:32:35 +0000

[...] presents 7 Reasons Why We Need to Start Budget Tracking Now posted at Personal Finance Blog by Money [...]

By: Almost Frugal The 69th Carnival of Money Stories — almost frugal

Almost Frugal The 69th Carnival of Money Stories — almost frugal — Tue, 22 Jul 2008 10:01:56 +0000

[...] Ning talks about why it’s important to budget, even if you have plenty of money and live beneath your [...]

By: Carnival of Debt Reduction: The Secret to Life Edition (#149) » American Consumer News

Mon, 21 Jul 2008 13:30:21 +0000

[...] presents 7 Reasons Why We Need to Start Budget Tracking Now posted at Money [...]