Women Who Rock with Success

Dean Mary Pearson
Dean of t he School of Business at Sout hern Ut ah Universit y, offered a few
t ips on how t o st ay on budget .
ht t p:/ / w w w.suu.edu
Financial stress has been referred to as the leading cause of depression
and divorce. Practicing the principle of budgeting leads to financial
freedom and personal growth. Budgeting helps individuals and businesses
plan for current and future expenditures, providing a pathway to meet
immediate and long term financial goals.
A few tips to stay on budget:
1. Shop less: An individual who goes to the store without a budget,
spends 20% more than anticipated.
2. Stop, then Shop: Practice the 10% rule: For every $100 item you want
to buy, take 10 minutes to think about it before buying. For every $200
item you want to buy, take 20 minutes to think before buying.
3. Use cash: An individual who uses a credit card spends 25% more than
they would if they used cash.