Money & finance: #59: Credit, Money management and saving

I am blogging about the second exercise in the money management and saving lesson. I have tried in the past making a budget plan. I found the process very difficult because the budget I came up with usually never worked. I would like to try again especially in these troubled financial times. I did get some very good ideas from CNN Money. There ideas were to identify how you're spending now, and to evaluate your current spending and set goals that take into account your long-term financial objectives. It also said to track your spending to make sure that you stay within your spending guidelines. You should concentrate on what needs to be cut, beware of luxuries and spending beyond your limits. These are all excellent ideas, and I may try again to make and actually stay within a budget.