Your income doesn’t have to determine your outcome.

Why is Budgeting so Important?

Why is Budgeting so Important?

So, What is a Budget? Do I need one?

Building a budget is the act of combining your income and expenses so that you can decide how much money you are going to spend on one item, how much on another, and so on-before you actually spend the money. Creating a budget doesn’t mean that all of your problems are going to be solved, but it is an important step to determining your financial health and creating financial stability. It won’t be too difficult to create a budget, but it will be very difficult to stick with one. Just remember, you can do it!

Quite simply, a budget is a realistic financial plan, which you put together based on your income, expenses, and goals. The most important of the last sentence, is realistic. It won’t take long to figure out that if you budget $100 per month for food, but actually spend $350 a month on a regular basis, your budget won’t work for very long. You can start right away with some of the free budget spreadsheets in the Tools section.  Living with a budget isn’t the easiest thing in the world, but it can be a great alternative to worrying about how you are going to pay for your expenses and the feeling of guilt that goes along with spending money you don’t have when you pull out your credit card to purchase something. Is living with a bunch of debt easier than building a budget and taking back your financial freedom? It wasn't for me! You’ve already done the hardest part by living with financial insecurity for this long, so sit down and do something that won’t be any harder: build a budget. You will find that it will improve your life in many, many wys!

Need more reasons to create a budget? Here are 20 great reasons to Build your Budget today:

  • 1. Stop living from paycheck to paycheck
  • 2. Figure out how to get out of debt
  • 3. Once you’re out, stay out of debt!
  • 4. Get a grip on your spending
  • 5. Curb impulse purchases
  • 6. Find ways to cut costs
  • 7. Build an Emergency Cash Fund
  • 8. Set and prioritize financial goals
  • 9. Start a Savings Program
  • 10. Be a smarter consumer
  • 11. Retire Early
  • 12. Learn to live within your means
  • 13. Live on less money, so you can work less
  • 14. Pay your bills on time
  • 15. Meet your families changing financial needs
  • 16. Reduce stress associated with saving for big expenses
  • 17. Distinguish between wants and needs
  • 18. Stop making ends meet with a Credit Card
  • 19. Learn how to keep some “Mad Money” to spend
  • 20. Sleep at night without worrying about your bills


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Benefits of the Build My Budget Tool

  • Simple, Flexible Budget Tool
  • Easily establish a working annual budget
  • Based on a program most people already have access to: Excel!

Climb to new heights…at BuildMyBudget.com

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