budget

  • List all of last month's expenses in order: most essential to least essential. Keep a running total. As soon as the running total equals your monthly income, draw a line. Now, you have a choice: 1) cancel all the non-essential spending 2) increase your income 3) a combination of 1) and 2). Examples of non-essential spending: car payment (sell it and buy a clunker or take the bus), cable TV, high speed Internet, eating out or getting fast food. Ways to increase income: night job, sell things you don't need on E-bay, do tasks or answer questions for Mahalo. This adjusted list so expenses are less than income is called a budget.
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