Budgeting Basics
10 Common Budgeting Mistakes (and How to Fix Them)
July 16, 2026 · 9 min readMost budgets don’t fail because of bad math. They fail from a small set of predictable mistakes — here is each one, and how to fix it.
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IMPERIALPEDIA DOSSIER
AUTHOR CREDENTIALS & VERIFICATION
- TITLE:
- Chief Executive Officer, Blue Ocean Global Wealth
- CREDENTIALS:
- CFP®; CRPC®; RICP®; CDFA®
- EDUCATION:
- B.S. in Finance, University of Maryland, College Park · B.A. in East Asian Language and Japanese Literature, University of Maryland, College Park · studied at Keio University, Tokyo, Japan
- CERTIFICATIONS:
- CERTIFIED FINANCIAL PLANNER™ professional (CFP®) · Chartered Retirement Planning Counselor℠ (CRPC®) · Retirement Income Certified Professional® (RICP®) · Certified Divorce Financial Analyst (CDFA®)
- EXPERTISE:
- Financial Planning, Personal Finance, Retirement Planning, Student Loans, Investing, Retirement Income, Divorce Financial Planning
EDITORIAL HIGHLIGHTS
- 01.Has published 1 article for Imperialpedia.
- 02.Holds B.S. in Finance, University of Maryland, College Park, B.A. in East Asian Language and Japanese Literature, University of Maryland, College Park, and studied at Keio University, Tokyo, Japan.
- 03.Certified in CERTIFIED FINANCIAL PLANNER™ professional (CFP®), Chartered Retirement Planning Counselor℠ (CRPC®), Retirement Income Certified Professional® (RICP®), and Certified Divorce Financial Analyst (CDFA®).
- 04.Covers Financial Planning, Personal Finance, Retirement Planning, Student Loans, Investing, Retirement Income for Imperialpedia.
- 05.CFP®; CRPC®; RICP®; CDFA®
BIOGRAPHY & EXPERIENCE
Marguerita M. Cheng is the Chief Executive Officer and co-founder of Blue Ocean Global Wealth. She is a Certified Financial Planner™ professional with extensive experience in financial planning, retirement planning, personal finance, investing, and student loans. Before co-founding Blue Ocean Global Wealth, Marguerita worked as a Financial Advisor at Ameriprise Financial and as an Analyst and Editor at Towa Securities in Tokyo, Japan. She serves on the Board of Directors of the Association for Divorce Financial Planners. Marguerita is also a CFP Board Ambassador and contributes to financial education and policy discussions. She is a regular columnist for Kiplinger and has served in leadership roles with the Financial Planning Association and CFP Board.
EDITORIAL INTEGRITY
Imperialpedia helps readers understand personal finance, investing, and markets. Every published article names a writer, an editorial reviewer, and a fact-checker, and claims are checked against primary sources before publication. Learn more in our editorial policy →
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IMPERIALPEDIA ARCHIVE
1 ARTICLES PUBLISHEDLATEST ARTICLES BY MARGUERITA