Budgeting apps vs pen and paper

There are many great budgeting apps. However, apps can be frustrating and boring to use, or we may just get lazy.

Sometimes a pen and paper work best because it gives you a hand in your budget. With this method, you can also change your budget when you need to include extra expenses.

448

2.65K reads

MORE IDEAS ON THIS

Incorporate unplanned entertainment in your budget

Financial professionals will advise you to cut out expensive nights out. In truth, you will have night's out, even when you're dirt poor.

To incorporate unplanned entertainment, set aside an amount each month. Be realistic. You can open another savings account for...

455

2.52K reads

Debt when you're on a tight budget

There are a couple of paths you can take to pay off your high-interest debt when you're on a tight budget.

The snowball method. For those who need to see progress, pay off the lowest balance first. You'll feel inspired to keep going.
The avalanche me...

476

2.29K reads

Things you don’t usually think about when budgeting

Emergency funds are essential, even if you put a bare minimum towards it.
Birthdays, Christmas, or car registration are expenses you should be able to plan for. Set aside some money towards it every week, and by the end of 12 months, you'll have a...

494

2.27K reads

Regular monthly bills

The bulk of your budget is made up of necessities like rent, phone and internet bills, insurance, etc. If you can lower your monthly expenses, you can save a lot for unplanned events.