Budgeting is a strategy and a habit that allows you to create a spending plan, usually on a monthly basis. This plan allows you to ensure you always have money for the things you need; and those you want! A budget can provide financial security and peace of mind when you may otherwise feel things are out of control.
Here are some reasons that may help you decide to put a budget into action:
It helps you ensure you’re not spending money you don’t actually have
It helps you to fund a lifestyle you desire in retirement
It helps you be prepared for the unexpected emergencies
It helps identify poor spending habits
It helps you stay focused on what is important
It can improve your quality of sleep!
Another point to consider is that having a budget can help you determine whether you’re ready to purchase a home! If any of these reasons speak to you and you’re ready to get to work creating your own budget, here’s a great resource to help get you started; and I’m only a phone call or email away when you’re ready to sit down and go over it together.