The newspapers have carried quite a number of articles on consumer debt and the benefits of budgetting the past few weeks. The timing for these articles co-incides with credit billing periods following the holiday season. Too many households stretch their budgets thin during this period – dangerously thin! Good budgetting practices can ease the pain from this circumstance. Firstly, set a reasonable goal as to what you hope to accomplish through your budget. Your goal may be to pay down high interest debt as quickly as your household income will allow. Write your goal(s) down. Congratulations, you’ve started on the budgetting path!