If you had to choose between setting financial goals, and going to a music festival, you’d probably choose the music. But how would you pay for the entertainment? Goal setting may not be as much fun as a concert, but it helps you to save for and achieve exciting, fun and important things, like retirement or college.
Congrats. You’ve set a budget and it looks perfect on paper. You established different spending categories and what seems like reasonable limits. Yet somehow it’s not working out month after month.
Sound familiar? It’s a common struggle. But the good news is that there is a solution.
Well, sort of. While restricting spending to the limits of a paycheck is the foundation of sound money management, doing it in practice can be extremely difficult.
