What is a budget?
A W. P. Carey finance expert shares tips for creating a budget.
In this article published Aug. 13, 2026, on Wallet Hub:
People view a budget with the same dread as the word diet. They see it as an exercise in denial, effort, pain, and sacrifice. If a budget hurts that much, you may be doing it wrong. A budget is a tool to help you, not a torture device. It's designed to help you spend more money on the things that truly enhance your life and less money on things that have so little impact we don't even remember buying them. Since we all have limited money, getting the most from every dollar is extremely valuable.
— Patrick Payne, clinical associate professor of finance
Latest news
- Master's in business analytics program prepares Gayatri Chavda to be data-informed decision-maker
Gayatri Chavda (MS-BA '26) discovered her love of data and working with numbers during her…
- Chief Economist Stephen Stanley of Santander US wins second Blue Chip Forecasting Award
Top forecaster to accept award and deliver 2027 economic outlook at event on Oct. 13.
- Best credit cards for no credit history
ASU finance expert highlights the multipurpose use of credit cards for first-time users.