{"id":1407,"date":"2017-10-13T03:00:46","date_gmt":"2017-10-13T08:00:46","guid":{"rendered":"http:\/\/kerryaclark.com\/?p=1407"},"modified":"2018-09-05T18:24:37","modified_gmt":"2018-09-05T23:24:37","slug":"budgeting-101-from-high-school","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/budgeting-101-from-high-school\/","title":{"rendered":"Budgeting 101 Started in High School"},"content":{"rendered":"

What\u2019s in a Budget? Part 3<\/span><\/h2>\n

You\u2019ve heard of superstars like MC Hammer<\/a> who (with millions) went bankrupt. \u00a0It sounds impossible, but it happens more than you think. \u00a0There are many cases of people who hit the lottery with enough money to last a lifetime, but they end up back in the hole they came out of. \u00a0How is this possible? \u00a0The root cause is \u201cout of sight, out of mind\u201d budgeting.<\/span>
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\n\"\"<\/span>These people all thought the same way, like every other normal person. \u00a0They think they have more money than they actually have. \u00a0For anyone who has ever bounded checks and incurred overdraft banking fees, they all thought the same thing. \u00a0I have enough to cover this purchase. \u00a0In this post, we want to give you the tools you need so this situation doesn’t happen to you. \u00a0More importantly, we want to make you aware of the best tool of all, your attention to what\u2019s going on. \u00a0You need your head in the game or a way to make sure your head is in the game. \u00a0Otherwise, MC Hammer<\/a>\u2019s story of bankruptcy could be your story. \u00a0<\/span>
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\n<\/span>Your Checkbook is a Tool<\/b><\/p>\n

In high school, there used to be a class where balancing a checkbook was taught. \u00a0Today this probably sounds foreign and unnecessary. \u00a0This may be true, but the principle is one that\u2019s good for life and helps ensure you have good financial habits. \u00a0<\/span><\/p>\n

The art of balancing a checkbook is a tool you need in your toolbox. \u00a0\u201cToolbox\u201d is a term we use around the office quit often. \u00a0It refers to what you have to bring to the table. \u00a0What do you have to add value to others?<\/span>
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\n<\/span>I am not asking you to do this the old fashion way, with a checkbook check register. However, let’s revisit how the art of checkbook balancing works and can be used as a tool in your toolbox.<\/span><\/p>\n