One major financial pitfall is to neglect to budget the categories that allow for discretionary spending. These categories are the ones that can vary from month to month. These categories can include groceries, eating out, clothes, medical expenses, gifts, and fun money. It is important to track these categories because it is easy to overspend in each of these areas. Many people will sit down and write out a budget that includes only their bills. They see that they have a large surplus of money, and are constantly confused at where the money disappears to each month. At the end … Continue reading →