Getting Started With A Budget

For most American families the dirtiest 4-letter word in the household is "BUDGET."  Nothing brings more fear, panic and shear emotion than discussing a budget with a spouse particularly when one feels that they are under attack for potentially bad behavior.  However, a budget is a must in order for anyone to achieve success in building wealth over the long term.  The interview covers some of the basic ideas of where to start.  However, just getting started is typically the toughest part.  While living on a budget may seem like an impossibility - the reality is that not only is it possible - but it is greatly rewarding down the road. {youtube} yObrU6LM0wA {/youtube} Here are of the major guidelines: 1) Separate WANTS from NEEDS. 2) Live on 60-70% of what you make. 3) Get rid of credit cards and live on cash. 4) If you can't pay for it with cash - you can't afford it. 5) With intere...