Jan. 15, 2019
It's hard to control your spending when you don't have a family budget.
According to the National Foundation for Credit Counseling, only two in five adults closely watch their spending, a figure that hasn't changed since 2007.
You don't need a big fancy spread-sheet, just keep track of where the money's going and how it meets your monthly and annuals goals.
Financial experts say those who have a household budget are better prepared to handle unexpected financial challenges without having to take on more debt or miss monthly credit card or loan payments, which can seriously hurt your credit score.
It's not always easy to manage a budget, especially when expenses are greater than income. To get personal and confidential guidance from a financial expert, contact a non-profit credit counseling agency near you.