8 Family Budgeting Misconceptions demystified

Depositing our pay cheques in bank and using the credit and ATM card for spending seems easy. However keeping the track of your income and expenses, to get full value for your money is possible only fpamg with budgeting. Budgeting helps most of us to keep track of our income and spending and not overspend. In practice 10 budgeting myths retard the savings of a lifetime. They are: 1) I earn a lot and need not budget: This requires a change of perspective. Michel Jackson lived like a …