How Detailed Does a Budget Need to Be?
How Detailed Does a Budget Need to Be? Source: Getty Images Ah, the detailed budget. Sounds responsible, doesn’t it? A golden list of uber-specific expenses that help you track your spending. Seems like the best way to control your finances, doesn’t it? In theory, yes. The more detailed your budget, the better you understand where your money is going. But a hyper-detailed budget takes time to make, not to mention discipline to maintain. And if you’re doing fine with a broad list of expenses, do you really need to get more specific? Fortunately, budgets aren’t one-size-fits-all. Before...
Source: fool.ca