What to Do When Your Budget Is Blown
Q: When my budget goes off the rails, should I try to get back on track or start over?
A: Unlike most business questions—to which my response is typically “It depends”—this one has an unequivocal answer: Yes, you need to start over. But that doesn’t mean you should trash your original budget and all the work it entailed. Use this predicament to isolate what went wrong and learn from it so you can make a more realistic budget.
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