Monthly Archives: January 2010

January is always a time for New Year’s resolutions. People around us are talking about their new lifestyles; one person has decided to quit smoking, another person has decided to spend more time with his/her family and some even resolve not to have any resolutions at all. The same phenomenon takes place almost everywhere in the world.

While I was at the gym a few days ago (which was packed with people resolved to get fit in the New Year), I thought about defining my own goals for the year, and I wanted them to be great. Then I thought about…

Starting a budget and staying on budget is a common New Year’s resolution, and I think it’s a great one in this economic environment. But just like every year when you decide to get in shape, continuing those gym visits come March is really difficult. The same is true for budgets – how do you stick with your resolution?

The trick to successfully sticking to your budget is simple – have a budget that is reasonable and that you can stick to. Look through your financial statements and group your expenditures into buckets that your spending habits fall into (e.g. dining…