Developing a budget takes time. I have to constantly adjust mine to match what is going on in life in general. Things like having an emergency fund help offset unexpected events and help you from having to adjust your budget. Think of it like a diet. If you don't watch what you eat and excerise you don't accomplish your goal.
STEP #11
A budget is an ongoing process that you need to use on a daily basis to help control your spending habits and help you meet your debt free goals. You need to make a commitment to yourself. You have to decide you want to be debt free and begin saving money so you can start living financially independent. Planning a budget will help you decide what you need and what you want. Here is what a budget can help you accomplish:
- A budget helps you plan and prepare for big expenses in the future like a new car.
- A budget helps you put more money into your savings account every month.
- A budget starts to put you on your path to financial independence.
- A budget causes you to live on what you make and gets you and family moving in the same financial direction.
- A budegt helps you determine what you can eliminate that you might otherwise spend money on without planning.
If you haven't started that budget yet, what are you waiting for?
Do you use a budget to plan your spending? How does it work for you?
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