Top 5 Budget Busters – Know What’s Busting Yours?

By Carey Nieuwhof and Joe Sangl

There's a money trend in life, you've probably seen it.

It seems that the short-term urgent things tend to trump the long-term significant things.  Right?

That's true in time management (I didn't get all my work done AGAIN this week!). But it's also true in money (how's the RSP fund coming?).


Here are two more examples:

  1. Purchasing a game for your child (who already has 85 games) but there is no money saved for his/her college education.
  2. Spending money at yet another expensive restaurant (only to be hungry again 3 hours later), but refusing to save money for the retirement even though we know that we WILL have to retire someday.

How do manage this constant tension.

This issue is best defeated by having a monthly budget (short-term plan) as well as a fully thought out “Plans, Hopes, and Dreams” list (long-term plan).

When you know the dream that is being sacrificed when faced with a “short-term urgent” item, there is a much greater likelihood that you will overcome the temptation.

QUESTION:  What is the one short-term urgent item in your life that seems to keep destroying your finances and busting your budget, eroding your ability to fund long-term dreams?

Even impulsive spenders won't impulsively spend money on the hydro bill.  Or impulsively purchase gas.  Or send extra money to the cable company.

However, there are 5 things that we can all cave in to when it comes to impulsive, budget-buster spending.  Which one is yours?

  1. Groceries
  2. Dining out
  3. Clothes
  4. Entertainment
  5. Spending money

KNOWING what your budget busters are will help you curb the impulsive, self-destructive habits.

Join us at Connexus for Financial Learning Experience, this Sunday April 10th, 2-4pm. It's not too late…we can still make room for you!

This FREE session is packing with practical tools and age-old wisdom pulled out of scripture for managing money well.

Live with margin. Live with mission.  Register for the FLE now!

Did I mention it's free?


A portion of this article is borrowed, with permission from


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