When I wrote my income and bills down on paper, it seemed that I should have enough to go around. I never had any money, but I didn’t understand why. I liked the idea of being in control of where my money went.īefore budgeting, it seemed to me that my money simply disappeared. So my fear of budgeting started to dissipate. I realized that creating a budget every month helped me be in control of my spending. The choice about which jobs you assign each dollar of your income belongs completely to you. Or you’ll assign $300 of your money toward optional spending on entertainment. You might assign $900 of your money toward rent. Have you heard the term “give each dollar a job?”īudgeting helps you assign each dollar of your income a job every single month. When you create a budget, you get to decide how you will spend each dollar of your income. I used to view budgets as a path to losing control – control over what I could buy and when I could buy it.īut in fact, budgeting is the one tool that puts you in total control over your money. Okay, this is my absolute favorite part of budgeting – and no, I’m not a control freak. Budgeting Puts You in Control of Your Money Also, I’ll share how living with a budget can change your life as well. Let me tell you how a budget has changed my financial life. There are several reasons why a budget is important. Knowing those secrets might help you to love living by one too. If you don’t know the reason, it may be that there are a few secrets to budgeting you’re not aware of yet. I love that thing and visit it several times a month. And I learned how to live using a simple budget that made my life easier and happier. Then I learned the real reasons why budgeting is so important. I’d have visions of living on rice and beans for the rest of my life. When I read about or thought about budgeting, I’d get this knot in my stomach. You plan your day, scheduling the activities and tasks you need to do, right? With a budget, you can plan your money as well.ĭoes the word “budgeting” bring up negative thoughts in your mind? Or are you a bit intimidated at the thought of creating and living by a budget? Simply put, a budget is a plan for your money.

Let’s start by talking about what a budget is. How to Create a Budget that Works for You.Budgeting Helps You Reach Your Financial Goals Budgeting Helps You Prioritize Your Spending

Easy budgeting worksheets free