Financing Purchases and Sticking to a Budgetby Amy Fontinelle
What, you don't have a budget? Well, don't despair, it's easier than you think. For many people, budgeting is a great tool for keeping spending under control. It's easy to not realize how much charging a cup of coffee here, and a new book there, can add up over the course of the month and get you in trouble. The solution is to plan your expenses and write everything down. Budgeting can be as simple as making a pen-and-paper list of how much money you earn in a given month, followed by a running total of all your expenses. If you know how much money you have left, then you will know how much you can spend.
Source: http://www.investopedia.com/articles/pf/08/recession-proof-your-life.asp; http://www.twopenniesearned.blogspot.com/