Every one will tell you that having a budget is one of the major early (though not the first) steps in getting your personal finances under control. But how do you know you’re budget is working for you? How do you account for the inflation in gas and grocery prices?
A budget is not a Ron Popeil gadget. You can’t “set it and forget it”. You have to pay attention. And sometimes, you have to update it.
This week’s featured thread is from the Smart Spending forum, and it is about when and how people decide to update their budgets.