Archive for August, 2010

Ever wonder why your dining out budget has a tendency of blowing up in your face? Or how that nebulous “miscellaneous” category in your budget inflates to two or three times what you planned?

Before you get to supply and demand in an economics class, there are two concepts you must understand. First, you live in a world of scarcity. That means that you have a limited set of resources to work with. Sounds like your paycheck; you have a set amount of money available to use. Read the rest of this entry »

We all have heard how important it is to be on a budget – to know where every penny goes, but we still never seem to get around to making one. Most people have a reason (ahem…excuse) why they can’t seem to follow a budget. Here are some “excuses” that may be preventing you from following a budget like you should. Read the rest of this entry »