3 Scenarios Where It Pays to Update Your Budget
You're probably aware that it's important to follow a budget, since doing so can make it easier to save money and avoid overspending. But a budget isn't something you can just set and forget. Rather, it's something you'll likely need to update at various points in life. And in a recent survey by H&R Block, these three milestones prompted a large chunk of respondents to redo their budgets.
A good 37% of newlyweds sit down to redo their budgets after tying the knot. And that's a smart thing to do, because while getting married does generally mean combining two incomes, it can also mean taking on a host of new expenses. Drawing up a new budget can also help couples avoid money-related strife -- a major factor in divorce.
For example, couples might determine whose salary will pay for which bills, or how much discretionary spending money each person gets per month.
Quelle Fool.com
