Examine Your Spending Habits Instead of Creating Categorized Budgets

Budgets are useful to an extent when figuring out how much money you could spend.

But categorizing every expense isn’t simple.

As personal finance blog MoneyNing points out, your spending likely doesn’t always fit into specific categories.

Your budget isn’t the problem in that scenario.

It’s your habits.

Of course, if you already have a category system working for you, then great.

Why Budgets Don’t Work and What You Should Do Instead| MoneyNing

Photo byLars Plougmann.