Despite the fears of a bear market, don't focus on avoiding losses in your stock portfolio if you haven't reviewed your insurance recently. The biggest risk to your investment portfolio and your wealth isn’t a stock market crash, it’s a lawsuit.
The debate about whether a budget is a necessity or a waste of time often centers on a fundamentally flawed definition of budgeting. The exercise of budgeting shouldn’t be designed to limit you, but to give you the freedom to spend money in the manner you wish to spend it.