4 Reasons you should build a budget today
It’s probably not going to be the most interesting thing you do this year, but building a budget could be one of the most important… and it doesn’t really take that much effort. Here’s 4 quick reasons you should take an hour out of your busy schedule to build a budget:
1) Gets You Thinking
It’s too easy to live your life on autopilot these days. When you can use your card just about anywhere it’s easy to forget just how much you are spending, and what you are spending it on. If anything, writing out a budget gets you thinking about what you’re currently spending your hard earned money on, and what you actually want to be spending it on.
2) No Nasty Surprises
Not only will an effective budget tell you what you’re spending money on, but also when you are spending it. This can’t help avoid nasty surprises in your bank account when you have to pay your phone, electricity, rent, gym membership or any other kind of bill as many of us do.
3) Forward Planning
Having a budget allows you to look not only to tomorrow, but to the coming weeks, months, and years. It allows you to plan a path to financial fitness, and identify what you need to do to get there.
4) Old Habits Die Hard
Even if it’s not the most pressing issue, developing a disciplined saving plan is always important. If you get into the groove of keeping a track of your spending habits, it’ll be all the more easy when you have a bigger, more complicated budget to deal with.
So if you have a bit of spare time this week, try building a budget, and be sure to let us know on Facebook and Twitter of any tips you have!