Monthly Archives: October 2011

Budgeting is the process of forecasting, monitoring, adjusting, and controlling future income and expenses. Budgets can be informal or formal. An informal budget can be an unwritten budget that includes remembering when the car payment is due. Formal budgets are … Continue reading →

There is a difference between setting a budget and financial planning. Financial planning involves defining your goals and objectives, then “monetizing them”. That is, determining how much money you need to earn or save to achieve your goals, and measuring … Continue reading →