Schwartz, assistant professor of finance, offered his advice to WalletHub on putting together a budget.
Assistant Professor of Finance Andrew Schwartz spoke with WalletHub about what makes up a budget, offering advice on making a budget work.
“A budget is a powerful tool for aligning your spending with your goals and priorities,” said Schwartz. “It will help you identify areas to reduce spending, opportunities to increase savings, and decide whether you can afford large purchases. For example, if you are considering buying a new car, a budget can help you show whether the monthly payments will work for your finances.”
Read more from Schwartz’s interview on WalletHub, including his thoughts on the downside of budgeting.