Budgeting. This simple word can cause many people to tense up and dread the following conversation. However, there are many benefits of budgeting every dollar each month.
Personally, I’ve found that having a budget in place gives me peace of mind and eliminates money quarrels within my family.
Since there are many people out there who may dislike talking about budgeting, I thought I’d give a little insight on a few different benefits of budgeting.
Your bills will always be paid on time.
Paying our bills are important. So much so, that forgetting to pay a bill can cause sudden stress on an individual.
When a budget is in place, you already know when your bills will be paid and will have paid them on paper first.
You will have your separate money for mall shopping, pizza, etc. That’s why you won’t accidentally overspend in one area and leave your bills unpaid again.
Money stretches further when you give each dollar a name.
When you divide your money and tell it where to go, you may be surprised to find out that it seems like you have more money to spend. The reason for that is because before you made little impulse purchases that ate up your account.
Now, you can spread your money further and actually the things you were skimping yourself out on.
Say goodbye to money fights!
Money fights will come to an end unless of course, you can’t agree on how to properly allocate the money on the budget.
But when you’re on the same page when it comes to money, there will be no more reason to argue over money.
I mean, think about it. The partners would have already come into an agreement before the money every arrived. They know what to do with it and there should be no further issues with money.
This was proven true in my own marriage. Being on a budget was extremely freeing. My husband has an amount he can spend on whatever he wants and I know every bill will be paid in full and on time.
Remove the guilt, shame, and stress when it comes to spending money. With a budget, you can give yourself some wriggle room once you know all your bills are caught up and you’ve put some away for saving.
Seriously, a budget isn’t about being in financial bondage but freedom. You have the freedom to buy what you want without feeling like you’re somehow stealing from your future self or your family.
All that will already be taken care of before you get around to spending money. And if you can’t afford it? Save for it!
Security in your future
There’s no greater feeling than knowing you will be okay. By having a plan and saving, you will know without a shadow of a doubt that your future will be brighter than your current situation.
That’s always a positive! There’ nothing but satisfaction when you pay your future self and set them up for success!
You’ll finally be in charge!
You’d be surprised how many people have no idea how much is coming in and going out of their financial world. Because of this, so many could have a better financial status than they currently do.
But you don’t have to be like anyone else! If you think budgeting is somehow ‘weird’, then here’s your chance to become weird!
The harsh truth is your money will disappear if you don’t manage it properly. I don’t want that for you! And I know you can do the whole budgeting thing. Because if I can do it, anyone can!
So the question is: Are you budgeting? If the answer is no, then why not? There’s no time like the present to get your finances together.
If I haven’t already proved it to you, there are many wonderful benefits to budgeting your money. I highly recommend that you try it for at least 30 days. If you don’t like it, you can always go back to your old ways of planning income and expenses.
But something tells me that you won’t. Thanks for reading!