5 Reasons You Should Be Budgeting
Budget is not a four letter word! It means freedom! Here are five reasons why YOU should start your personal budget TODAY!⠀
- A budget is you telling your money where to go! It gives you complete control over what happens to your money, instead of getting to the end of the month and wondering what happened to all of your money!⠀
- A budget is a look to the future instead of looking to the past! Poor people plan for today, wealthy people plan for the future. Make sure you are thinking about the consequences of what your plan for the next month is and how it is going to affect your future!⠀
- It's not that hard! Simply put, your budget should be that your income minus your expenses equal zero! This ensures you are not going into debt and you are living within your means.⠀
- It helps you reach your goals, whether they may be getting out of debt, saving for emergencies or saving for retirement, if you are planning where your money goes each month you are taking steps to ensure those goals are being met!⠀
- It's a part of being a responsible adult! If you are married it is something you work together on, it will cause you to communicate about money and money issues on a regular basis, something that might be new to your relationship! If you are single, it is a big part of your life, you need an accountability partner you can discuss money and money issues with who will love and support you in your goals! For both marrieds and singles, a budget is something that is important to achieving ones' goals and will need both patience and persistence!⠀
Let us know what you think!? Is this helpful! Let us know in the comments below!