Common Budgeting Pitfalls

By Jareed Robinson - Where did my budget go wrong?

Not Using a Zero-Based Budget

Ensure that each dollar has a job for the month. This means don't leave a dollar unplanned. Your income minus expenses and savings should equal zero.

Thinking Every Month Will Be the Same

Not Including All Expenses

Ensure all of your expenses are included in your budget. You can review your past bank statements if you need a reminder of your past expenses.

Comparing your budget to others

Don't forget that your budget only works for you. Be comfortable that your budget is what will work for your life.

What's Next On Budgeting?

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