Benefits of Budgeting:Gives you control over your money – A budget is a way of being intentional about the way you spend and save your money. It is said that with budgeting, you control your money and not your money controls you.
Makes you decide in advance how your money will work for you.
Provides you with an early warning for potential problems – When you budget and take a “big picture” view, you will see potential money problems in advance, and be able to make adjustments before the problem appears.
Why Should you budget.
- working on limited money.
- trying to lighten your debt load and solve your debt problem.
- working towards a financial goal
- planning to retire early
- trying to make the best use of your money .