How you budget your money matters. Unfortunately, many people fall into financial traps set by society or simply fail at properly managing their finances because they aren’t paying attention to what’s happening.
You don’t have to fall victim to these financial woes. You can change your financial future for the better by avoiding these common budgeting mistakes. Are you ready?
Common Budgeting Mistakes You Can Avoid
1. Not having an immediate emergency fund of $1,000 in cash.
This emergency fund is designed to protect your budget and keep you on track. Life’s emergencies are going to happen. It is not a matter of if, but when. Most emergencies cost less than $1,000. A stolen purse or wallet can leave you without access to your money for an extended period of time. Have the cash!