Hope for your financial life and beyond

March Madness: Avoiding the Budget Busters

2014-ncaa-tournament-bracketOur oldest daughter was born during the first weekend of the NCAA basketball tournament. At the hospital, my wife groaned through labor pains as the midwife who assisted in the delivery was tracking a Notre Dame game on the TV in the room. I’m not sure the midwife appreciated Mrs. Luke1428 telling her to turn off her beloved Fighting Irish when there was under four minutes to go in the game. But birth was only about 15 minutes away so I guess that took precedence.

Needless to say, my wife has despised March Madness ever since.

Basketball junkies like myself however, love everything about it. The drama…the intensity…the finality of it…and the upsets that bust up the tournament. Mostly though, this time of year means one thing – the tournament bracket. There’s nothing like putting a plan together and testing your knowledge of the teams in an attempt to pick a winner. If only I had a time-traveling DeLorean to find me a Grays Sports Almanac.

No matter how we think the tournament will progress, there are always upsets and surprises that bust our brackets. These usually come from the underdogs, the little schools that we are not really paying attention to.

Over the years, the same type of thing has happened with our budget. Small things we didn’t anticipate, ignored or simply loved doing would bust our monthly plan. After experiencing the financial drain of these on multiple occasions, we had to make some decisions so they wouldn’t disrupt our life any longer.

The following is a list of five things that used to bust our budget, along with the path we now take to avoid it from happening any longer.

Movies/Entertainment

[Read more…]