![]() There’s a lot going on in the world right now-from inflation to a recession to a rocky stock market-it can feel so overwhelming. ![]() Budgeting is how you reach financial peace. If you want to set and reach any life goal, you’ll need to make space in the budget to do it. In fact, it doesn’t stop with money goals. It’s the foundation to making each of these dreams a reality. And listen, no matter what your goals are with money, a budget will get you there. If you want to pay off all debt, save for a dream vacation, invest so you can enjoy the retirement of your dreams, or just get some more breathing room with your money, these are all wonderful financial goals. Budgeting is how you reach all your money goals. Spenders and savers alike-you will enjoy your money better when you’re budgeting.Ĥ. Once you’ve budgeted for all your needs and a couple of fun things (trust me, savers, you should budget for fun-even if it’s just a little) you can put all that extra money in savings. If you’ve got a clothing or personal spending budget line, and there’s money in there to buy the new sweater-buy it!Īnd savers, a budget gives you permission to stash cash, without being a Scrooge. Having a budget gives you permission to spend-guilt free!īecause when you’ve got everything covered in your budget, you know there’s space for spending! You won’t worry about the electric bill not getting paid because you decided to treat yourself to a new sweater. I used to worry budgeting would mean I’d never have fun with money again. Budgeting gives you permission to spend (and save!). And let me tell you, the feeling of empowerment and peace you’ll get from this shift is incredible.ģ. True, it’s sometimes hard to get ahead-but it isn’t impossible! You don’t have to live in the past with your money, and you don’t have to get by just barely.īudgeting is the first step to go from surviving to thriving, because budgeting puts you in control of your money. ![]() Or that inflation makes it impossible to get ahead. Or that debt is normal, so you’ll always be paying off the past. That living paycheck to paycheck is just the way of life, and you’ll always watch all your income go out the door the same month it comes in. I know it can feel like your money is happening to you. What happens when you plan where your money goes? You show your money who’s in charge. Budgeting puts you in control of your money. And that plan leads me to the next point.Ģ. When you make a budget, you tell your money where to go-and stop wondering where it went! So, one of the top reasons for budgeting is that it gives your money a plan.
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