You sit down at your kitchen table with your spouse to go over your bills. You discover that money going out is quickly overwhelming the money coming in.
It may be time to go on a budget.
Some people may look at the above sentence and roll their eyes, shrug it off, and say, “I don’t need to go on budget — my finances are fine.” Unfortunately, denying the need to budget is one of the 10 budget myths, according to Investopedia.
“Even though budgeting is a wonderful tool for managing your finances, many people think it’s not for them. The logic they use, however, is often flawed. Below is a list of 10 budget myths that stop people from saving as much as they could – and should,” Investopedia writes.
To read on about the 10 budget myths, please follow the link listed above. For more investing or budget-related information, visit Investopedia.com.