As part of an article reflection assignment, a student located a great budgeting article. It compared budgeting to baking cookies. The analogy was great in effectively describing the balance between the "non-negotiable" items (like flour in a cookie recipe) and the "nice to have but not necessary" items (like chocolate chips). The article author also encouraged the addition of a little "sprinkles" in a budget. Yes, it is important to pay all your fixed expenses...the non-negotiables like your housing payment and any loan payments. However, you should also plan ahead for at least a little bit of enjoyment in a budget. No one would want to make and stick to a budget that was all pits and no cherries! The trick is to get a good balance of fixed and flexible expenses and to plan spending for the actual income you have coming in...not beyond that.
Here is the article link...it's a great read!
Budgeting is like baking cookies
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