The Most Common Budgeting Mistakes and How to Fix Them

It’s hard to stick to a budget that doesn’t have a goal.

When there isn’t one, your budget becomes an afterthought rather than a spending plan to reach your financial goals.

If you keep blowing your budget because expenses “pop up” every month, you’re probably not budgeting for irregular expenses.

It’s a common budget problem with an easy fix: find those quarterly, annual, and other seemingly random expenses, and add them in.

It’s important to have an emergency fund. When your car breaks down, you have money to pull from, rather than screwing up your budget for the next few months until you get back on track.

It might take you some time and slow down your goal progress, but building an emergency fund will keep you from blowing your budget.