discretionary spending

Chore Time: Allowances for Adults

Kids receive allowances for doing their chores. A similar system can be a great way to help adults budget for discretionary spending.

If you've had trouble making or following a budget, don't despair! You might be better off without one. Learn why — and how to save no matter what.

Some expenses can't be eliminated, but several can be removed temporarily. Knowing when to start buying again can be as important as when to stop.