Budgeting Techniques

The first step in sound management of personal finances is to understand what money is coming in (income) and how much is going out (expenses). 
By setting up and sticking to a monthly budget, you will gain greater control of your finances and be in a better position to start saving and growing your wealth.

3:15minutes video

Extract above from fpi.co.za

Budgeting Tool

Budgeting tool / calculator - A useful tool to assist with your month to month budgeting from Financial Planning Institute(FPI) RSA

CNN Money: Controlling your personal debt

Learn how to control your personal debt and accomplish your financial goals, by making your personal debt work for you.

1. Americans are loaded with credit-card debt.

2. Some debt is good.

3. Some debt is bad.

4. Get a handle on your spending.

5. Pay off your highest-rate debts first.

6. Don't fall into the minimum trap.

7. Watch where you borrow.

8. Expect the unexpected.

9. Don't be so quick to pay down your mortgage.

10. Get help as soon as you need it

Extract above from money.cnn.com