Definitions and Basics

Making a Budget, at

One thing that every good money manager does is make a budget.

What is a budget? It’s a means of keeping track of exactly how much money is coming in and exactly how much money is going out. If you own a company or you get an allowance, you want to know how much money you have at any given time. You don’t want to run out of money, so you won’t have any when you really need it. You also don’t want to assume that you don’t have any money when you really do have more than enough to pay for something….

In the News and Examples

McArdle on Debt and Self-Restraint. EconTalk podcast.

Megan McArdle, who writes the blog Asymmetrical Information at The Atlantic, talks with EconTalk host Russ Roberts about debt and the challenge of self-restraint. She discusses her recent Atlantic article on her experience at a Dave Ramsey personal finance seminar, how it affected her life, and the psychology of self-restraint. The conversation concludes with a discussion of debt and savings during the Great Depression and the current national debt of the United States.

Budgeting your time is analogous to budgeting your money: Top 10 Time Management Tips For College Students, from Get It Together for College.

Does it seem like there’s never enough time in the day to get everything done? Feel like you’re always running late? Here are some tips for taking control of your time and organizing your life….

A Little History: Primary Sources and References

Advanced Resources

Related Topics

Compound Interest
Saving and Investing
Government Budget Deficits and Government Debt