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Does the word "budget" strike the same fear in you as "root canal"? Then try this trick: Call it a "spending plan" instead.
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That's what a household budget really is--a plan to track your spending and keep it within boundaries. Done right, a budget lets you spend without guilt. Here we offer ways to make your budget-- oops, spending plan--simple and painless.
SET GOALS
Establish long- and short-term savings goals. Then determine a monthly amount to devote to each. The short-term goal, say, buying an iPod, will keep you motivated.
TRACK EXPENSES
This can be accomplished two ways: