Budgets for Cro-Magnons
October 7, 2008 by Joe Lawrence
A few years ago I was talking to my friend Matt Carman. Matt is a financial brain and has educated me and given me great tips since I have known him. As I was talking to him, a guy that can be best described as a cro-magnon commented on how dumb budgets were. This Masters degree-toting, knuckle-dragger went on to say, “Don’t spend more than you make.” His advice is actually the foundation of this posting. I figured if he could grasp the concept, any of us can.
[...] Bills; Essentials-Housing, Outfits, Num-Nums; and Extras-Savings, Throwaway. Quick translation. Break down budget into needs and wants. Needs are bills, housing, clothing and food. Wants are savings accounts and luxuries like travel and entertainment. I cover making a budget a little more in another post. [...]
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