Budgets are Back in Style

Gone are the days when your friends and family make fun of you for being on a budget. It's a sign of the times that more and more individuals and families are creating budgets and sticking to them. Over the next week, I'll be covering various aspects of the budget.

So, let's get started.

The first step to bringing back to the budget is to set your goals.

Ask yourself, why do I need to budget? Is it because you're tired of living paycheck to paycheck? Is it because you're in credit card debt up to your ears? Is it because you recently lost your job and have to stretch your severance pay until you land another job? Are you trying to save for your child's college education?

The answer to this question is your goal. See, that wasn't so bad was it?

Tomorrow, figure out where your money is going.