I have a very interesting fact to share.
My mom, who did not have the opportunity to study beyond Standard 10, manages expenses such that they are well within her budget — happens like clockwork every month. On the other hand, I have a post-graduate degree, yet wage losing battles to keep my expenses within my budget — also happens like clockwork every month.
What about you?
Further reading:
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Simplifying budgeting has been a difficult one; tracking spending is a good start but it takes a lot to setup controls to prevent going over.
Wow….You are right…
Managing the expenses is always a skill attained by experience…
Keep the blogs flowing..
Girish
Experience mate, just like one cricketer said, Experience is like a comb, which life gives you when you are bald..lol!!!..Mum’s are more experienced than us. I have managed to follow in my mother’s footsteps of setting up fixed accounts in banks and routing some of the monthly income..Apart from medical insurance/vehical/life/house insurance I dont see any other’s to which I need to spend on..