This post was contributed by a community member. The views expressed here are the author's own.

Health & Fitness

Budget Mondays

Monday – 7/7/2014

It’s Monday – a painful day for most people, yours truly included. Sometimes it is made even more painful as we remember just how much money we ended up spending over the weekend.

Budget

Find out what's happening in Teaneckwith free, real-time updates from Patch.

It’s one word that can make people cringe, angry and sad all at the same time, a rare occurrence indeed. There are plenty of reasons for this – people are told at work that their budgets are being cut, their ideas cannot be funded because they are not in the budget, and in our personal life, our budgets don’t usually quite match up to our desires.

Housing is usually the largest asset that most people have, and as we all found out during the housing bust, it is an asset that does automatically increase in value every year. Housing, however, is not an asset like a stock or bond is an asset — there are costs associated with maintaining housing. This is not news to anyone. Heating, maintenance, cooling, and other costs eat into your monthly income every day, so if you can save money on housing, you can make a large positive impact on your personal bottom line.

Find out what's happening in Teaneckwith free, real-time updates from Patch.

Every room in your home serves a specific purpose and gives you a certain level of value. Whether it is for relaxing, cooking, or entertaining, these different rooms in your home also incur costs specific to them. Think of all the positives if you go around, from room-to-room, and implement cost-saving ideas in all of them!

Happy Reading!

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?