7 budgeting habits to avoid!

November 2021

I wanted to share several budgeting mistakes from this piece I found – all of which are fairly common and self-explanatory.

Here’s the most common mistakes when it comes to budgeting:

  1. Not Having One
  2.  Guessing at Monthly Costs
  3. Not Tracking Your Spending
  4. Leaving Out Items
  5. Not Working as a Team
  6. Not Having an Emergency Fund
  7. Not Budgeting for Fun

As you look over this list, which of the items stands out as an area that needs most improvement in your financial life?

For people who don’t naturally budget (yes, there are some who are just wired for budgets!), it can often seem overwhelming.

That’s why I suggest picking just one item from this list and spending some time with it. For example: many people discover that by simply making a commitment to create an emergency fund they are focusing their attention on something they can start to accomplish immediately. This small action creates momentum, and they discover that they have more energy to tackle some of the other parts of implementing a healthy financial plan.

If you need help with assessing your financial picture, please know that I have many resources available. The parts that go beyond my area of expertise can be addressed by other financial professionals I know.

Please drop me an email or call if you have any questions – or someone you know is in need of expert advice. I love to help those you care about. If you have a referral please click the button down below. Your referrals are the heart and lifeblood of my business.



Omar Khamisa
Mission San Jose Mortgage
2111 W. March Lane, Suite B100
Stockton, CA 95207
Office: 209-651-2000
Mobile: 510-648-5535
Fax: 209-434-2311
NMLS: 369325


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