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5 Personal Budgeting Myths

5 Personal Budgeting Myths

Posted on 23 February 2010. Tags: , ,

For many, budgeting means suffering. Not actually, because it’s a myth. And there are many such myths people believe when it comes to personal budgeting. More than myth, I guess these are excuses of not having a budget. Let’s have a look at other such myths. Personal Budgeting Myth #1 Budgeting is suffering And how is that? In fact, you are always on a budget, whether or not you have planned it. However, the current budget is not saving you any dollars and not helping you in any way. Budget isn’t suffering. In fact, it is an end to your suffering as it helps you to avoid being buried under debts, save for more important things, and be independent. Personal Budgeting Myth #2 Budgets are for poor people This is another misconception people have. They believe budgets are adopted [...]

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