What Are the 5 Big Rules to Follow When Making a Budget after Bankruptcy?
Author: James Brown If making a budget seems hard, try sticking to it! It is easy to just put off saving money until your next paycheck or buy that new TV you’ve been wanting, even if you can’t afford it. Unfortunately, if you start breaking the money management rules, you can find yourself right back in debt. What are the five biggest rules to follow when attempting to manage your money? Here are 5 of the most important money management rules that could help you stay on track and out of debt. 1. Think about the future. When are you thinking of spending big money on something, ask yourself what you will think of that purchase in a week. How about a month? A year? 10 years? Impulsive purchase decisions often leave us with buyer’s remorse—and a whole new group of bills to accompany it. 2. Don’t spend too much of your income on your home and its expenses. Buying a house that you can’t really afford is setting yourself up for failure. Your mortgage, taxes, insurance, and other home expense
