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Planning for 2011: The Budget

I’m doing our annual budget using the accrual method of accounting* because I like seeing the big picture. I’m a realist. Except when I’m actually writing checks in, say, a clothing store, which is when fantasy takes over. Which explains why I don’t carry a checkbook anymore. Or a credit card. We all have our tiny flaws.

First, let’s look at what we owe. Since we don’t have any car, house or fund payments, our part is easy. That leaves accounting for our household’s share of government debt, which we’ve also figured using the accrual method, meaning it includes unfunded mandates.** OK, . . . → Read More: Planning for 2011: The Budget