Whether you've got too little, spend too much, or you end up in a spat with your partner every time it comes up, money can ratchet up the tension. If your solution to your financial stress is to take a long, hot soak to drown out those pesky calls from creditors, or go on a budget-busting online shopping trip, you may need to think again on your approach. Here is a simple spending system that can greatly help your personal finance budgeting: - Create a personal finance budget that you can use - Save 10% of your income - Always know exactly how much you have left to spend - Instantly know the impact of every spending decision - Track all your purchases - Pay your bills on time - Effectively manage credit card spending Many people create a financial budget based on other people financial worksheets. Paying for school tuition fee or electric bills is a right example of emergency situation. Only fools keep more than one credit card. If you want to go down the pool of debt then own ten. Keeping ourselves away from temptation is the first step to effective finance budgeting and financial control. 2. Are they blissfully spending their retirement at the Bahamas or at the fine, white sand beaches of Boracay? This type of retirees relies solely on their social security pension and, worse, if they weren't an active contributor to the social security system, will have to submit their fates to homes for the aged. You can leave your budget for an hour or so and come back to your checking, this way you can see things that you may have missed for the first time. A budget should not solely be concentrated on expenditures alone. In your home budgeting, include your income as well. Income means the regular pay you receive from the office plus the side work you do that gets you paid as well. All you have to do is simply encode the necessary data which includes income, investments, and expenses related information. This organized system unifies money management for you with strategic planning, forecasting, legal consolidation, reporting, analysis, dashboards, and predictive analytics and not mere budgeting alone.