The Dreaded Word

There are words in the world and in your life that people dread of hearing, even despising, that creep down our spines. Words such as genocide, politicians, AIG, the budget…wait what?!
I remember during my high school days my computers teacher gave us personal finance handbooks as a sub-lesson or something on the sideline (more work for us) and that we need to work on them along with improving our financial lives. While I was working on it (the only subject that I actually liked other than Math and Gym) I noticed in a study people dread hearing the word “Budget” and how people avoid working on it or making one for that matter. I didn’t think that was the issue and much of the advice it gave like avoid high-interest debt and saving money is a good idea I didn’t take it to heart. Today, along with the recession and identity theft, people who forget about doing a budget and lead themselves into financial chaos really make a problem almost as bad as the National Debt.
When you receive your paycheck, after FICA taxes, what do you do with it?
A lot of people who know what they’re doing say this: pay bills, pay debt (if any), save & spend leftover money. For others they usually blow it on gamble or some other expensive expenditure. Even for those who know what they are doing, having a budget is more important than ever. With that knowledge how can you create it?
You can download a free budget excel spreadsheet. Click here.