1 / 8

Basic Budgeting Mistakes Pua‘ena Pickard

Basic Budgeting Mistakes Pua‘ena Pickard. Common Mistakes. Trying to track everything Setting Unreasonable Goals Failing to plan for Emergencies Not Being Flexible Dropping instead of Improving. Trying to Track Everything…. Do NOT need to track every dime you spend

mandek
Download Presentation

Basic Budgeting Mistakes Pua‘ena Pickard

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Basic Budgeting MistakesPua‘ena Pickard

  2. Common Mistakes • Trying to track everything • Setting Unreasonable Goals • Failing to plan for Emergencies • Not Being Flexible • Dropping instead of Improving

  3. Trying to Track Everything… • Do NOT need to track every dime you spend • Categories that cause you the most trouble • + a lot easier • + less time-consuming

  4. Setting Unreasonable Goals… • Budgeting  Dieting • Make space for fun/unforseen expenses • * If we set unreasonable goals, we are much more likely to give up when we don’t reach them.

  5. EMERGENCY • Unexpected expenses can bring budgets down quickly • Plan for these on a monthly basis • Be Prepared for -medical bills -insurance -taxes

  6. Be Flexible! • Don’t have to be too restrictive -if you want new shoes, spend less money on eating out one month & buy the shoes the next month. • Trade amounts in different categories • Save for the unexpected

  7. Don’t Drop, Just Improve • Instead of making improvements, they leave it behind • Preventive Measure Make Improvements!

More Related