Budgeting, is  not the most exciting part of finance, yet nevertheless a crucial skillset necessary to achieve financial freedom. In general, budgeting and developing the habit thereof is relatively easy. Simply a matter of tracking , recording and analysing expenses and income then of making the necessary adjustments.

Although deceptively simply it is a skillset many that struggle financially neglect.  Perhaps it is because it is so simple, or maybe it is due to a shortage of discipline, however, the fact remains that many people cheat themselves when it comes to their budget, that, or overlook it completely. Yes, budgeting and frugality, in general, is not sexy, yet all financially successful individuals have one thing in common. They spend less than they earn. Continue reading