Thursday, May 15, 2008

Why we Want to Live on a Budget?

Have you ever been burdened with an unexpected expenses? Like an emergency child support? payment for your bills? What did you do? Why is it important to have a budget? For me, it is indispensable.

When you budget,it helps you to understand where are you going and when trouble comes there has never been a better time to get your finances under control and work with a budget.Just like before, I never take budgeting seriously.I was coming up a little short that time and my only option is to see about qualifying for a cash advance. Now I realized, how important is budgeting and live a life with it, because:

  • Ensures there is actually money set aside for savings and investments, instead of ignoring them because you don't have any money left at the end of the month to save!
  • Enable you to see if you are living within your means.
  • Have money available to handle emergencies and unanticipated expenses.
  • Budgeting is the best way to find your way out of debt and to prevent falling into excessive debt.
  • Having a budget will enable you to see areas that you are overspending so you can eliminate any unnecessary spending to concentrate on reaching your financial goals.

Why not try it yourself? As the saying that goes, “A budget tells us what we can't afford, but it doesn't keep us from buying it.” Happy Budgeting!

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