For most of us, following a budget feels restrictive, limiting and just plain not fun. It is easy to come up with a million reasons not to, however, we are here to tell you that a budget is the best way to take control of your money and simplify your life!
Here are our 5 reasons why it helps to follow a budget:
You gain control over your finances
Most of us think we already have control over our finances. The surprising answer is that every time we splurge on that must-have item, we are giving up a little bit of our control. When you follow a budget, you allow yourself to set priorities and from there, you choose how to spend your hard-earned cash. Some choose to cook at home in order to save up for a desired item. Others choose to forgo a big ticket item and spend their allotted amount on a couple dinners out. Budgeting doesn’t mean that you can’t spend money, it simply ensures that you have the power to choose what you spend your money on.
You can stop worrying
While implementing a budget won’t necessarily make all of your money troubles disappear, it will keep you from obsessing about every penny spent. Anyone who has ever spent any time ‘flying by the seat of their pants’ knows that terrible, ‘I didn’t mean to spend so much’, sinking feeling in your tummy that I’m talking about. With a budget, you may have to be a little restrictive at first, but eventually you will feel calm and content knowing that you know exactly where your money is going. Who knows, maybe you’ll even end up with money left over at the end of the month to spend irresponsibly!