One who budgets never go broke! Okay,one who invests savings, made in budget, never go broke!!!

My problem lies in reconciling my gross habits with my net income. ~Errol Flynn
http://www.quotegarden.com/money.html

You can have a monthly salary,weekly salary or even a daily one. The lesser the time , the more problematic it becomes with the budget. 

Why budget?

Because budget gives you the necessary experience to be in the present and prepare for the future while learning from the past.

Sounds philosophical?

I guess it is ,but philosophy of something enthuses us, increases our appetite.

Budget has two columns for common man:

Income	expenditure
ah! hah!	oh!! oh!!

Three rows for responsible human:

Income	savings	expenditure
ok!	good!!	still in doubt!!

Four rows for financially aware human being:

Income	savings	investment	expenditure
it has come!	retain savings first!!	invest them in diversified assets	spent whatever is left!!!

See!!!

This is exactly in consonance with the tenets of Warren Buffet!!!

First save and spend the rest!!!

NOW WITH THE THIRD FORM OF BUDGET UNWELCOME WORDS LIKE 

SPENDTHRIFT,FRUGAL,CHEAPSKATE COME INTO ACTION AND MAKE YOU FEEL 

MISERABLE!!

But these should not deter you!! These are short term bitter pills to create the panacea for financial troubles.

Always remember,that people shall respect you when they come to know that you are a human being of  reasonably good budget!!

People who are used to reckless spending, are actually in search of cheap popularity!!!

People depend on those who know how to balance and manage finance.

That is why the Indians, or people of Indian origin are so good at 

savings!!! Most of them started with a middle class income but 

believed in the power of budget and hence fiscal discipline!!

Read and think!! Everyday!! Add a little to your existing knowledge base!! That is one of 

the great Mungerisms!!

For a matter of fact India remained virtually unhurt during the 

great sub-prime crisis of the 2008!!! They did not go out of their 

ways to spend on things that did not require immediate 

gratification!!!

Disclaimer:This site is for informational and entertainment purposes only, and the content herein should not be 

mistaken for professional financial advice. Ultimately, you and you alone are responsible for the decisions you 

make in life,so please contact an independent financial professional for advice regarding your particular situation.