UnThreaded | Threaded | Whole Thread (55) | Ignore Thread Prev | Next
Author: satyrngrl Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311082  
Subject: Re: Credit consolidation nigtmare Date: 5/3/2002 6:22 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Hi there:)

When it comes to budgeting, I think the key is to begin with the absolute basics. Take two months and make a detailed spending record. Don't place too much effort on changing your spending at this point, just write down every dime you spend and on what (including coffee, snickers from the vending machine and your morning newspaper).

Here's a website that can help you with this:


Once you have your spending record you will have a true guage of how much you spend per month and on what. Then you can make what Jerrold Mundis refers to as a "spending plan" (which is the same as a budget really, but without the negative connotations that the word "budget" seems to bring up in many). Really all a budget is is a detailed plan of what you expect to spend in that month. By tweaking the way you view budgeting you can help yourself become more successful at it.

A great way to get started is to read up. Here are two books that really got me started:

1. How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis

2. Debt-Proof Living by Mary Hunt

Hope some of this helps:)

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (55) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.