You see an advertisement for that dream home or car — or the perfect getaway — and reality quickly sets in: Your desires and bank account are not a match made in heaven.
Many people live paycheck to paycheck, barely getting by. Others have an abundant income, but no idea how to manage it.
Fortunately, there are ways to make your money work for you, no matter where you are on this spectrum.
Don’t know where to start? Here are some budget busters that may be quietly draining your wallet.
1. Phony emergencies
A real emergency isn’t so quiet. In fact, a layoff, unexpected medical bill or car breakdown tends to announce itself rudely and loudly.
But other so-called emergencies — like that oh-so-cute, on-sale bedding set for the kids, or that gotta-have-it-now bar of chocolate — are really just “wants” masquerading as needs.
Save the spending for real emergencies. And to make sure such events don’t derail your finances, read “9 Ways to Build an Emergency Fund When Money’s Tight.”