Comments on: 7 Reasons You Need a Budget

By: SavvyJames

SavvyJames — Tue, 01 Sep 2015 12:12:26 +0000

All great reasons for a Budget, or what I like to refer to as a ‘Spending Plan.’ The road to financial freedom starts by understanding your income and effectively managing your expenses. Good stuff.

By: Karla (threadbndr)

Karla (threadbndr) — Thu, 10 Jan 2008 22:23:45 +0000

Heck yeah. Starting to put money back for my expected expenses was the best thing I’ve done for myself. Started with property tax, and added the other categories that you list above plus vet expense. This tip and the three months of ‘e fund’ have made my financial life a LOT less troubled.

I keep my fund in a mid yield savings account that is linked to my checking. I don’t really care so much about the interest. I just want it safe and quickly accessible. It’s escrow, not investment.

By: Frugal Dad

Frugal Dad — Sun, 06 Jan 2008 14:54:11 +0000

This is the way to do it – break down those annual or semi-annual payments into smaller, more manageable savings. My wife and I use this for Christmas, car insurance, and now for some upcoming orthodontics work my kids are scheduled to have.

By: Joseph Sangl

Joseph Sangl — Fri, 04 Jan 2008 19:53:14 +0000

Thanks for the link shout-out!!!

There are a LOT of additional personal finance tools at my web site – just click on TOOLS at the top of the page!