Not sure what you’ll gain by budgeting? Here’s a list of the benefits.
- You’ll spend less.
- You’ll have more freedom by knowing exactly how much you have to spend.
- You won’t neglect any fixed expenses because you’ll have money set aside for them.
- You’ll skip more impulse purchases.
- You’ll have more money to put into savings when this expense is built into your budget.
- You’ll have fewer arguments and misunderstandings about spending when it’s all been pre-decided and discussed beforehand.
- You’ll never be afraid of running out of money before your next payday.
- You’ll feel more confident about your financial situation when you know exactly how much money you have to spend each month.
Your Turn:
What’s your favorite reason for sticking to a monthly budget? Share it with us in the comments!