Why a budget – most people tend to shy away from this because of time involvement and possible sacrifices needed but most businesses, institutions and even our government federal, state and local operate on a budget and especially with our government you see how much fun they have in creating one every year. But budgeting is important if you want savings and less stress in your life even if it takes some up front requirements – so here are four areas: budgeting for the family is extremely important for maintaining a quality of life and help make ends meet – so a family budget should be prepared, budgeting for an individual if you are single can be powerful towards enjoying a life you want, if you are anticipating marriage a marriage budget can help save expenses because marriages can be expensive and finally if you are a work at home entrepreneur budgeting here is almost a have to in order to survive.
You can’t say budgeting is not for everybody – it is for everybody, people from all walks of life whether you work for someone else, self-employed, unemployed, or retired. If you are living you need a budget so here are four areas of interest that require budgeting.
1. Family budget – lets face it, in today’s economy a family budget is crucial. Child rearing can bring up all kinds of not thought of problems and emergencies so family budgeting is almost a must. You know what it is like trying to balance the checkbook at the end of the month when the outgo exceeds the income. Enough said. The old adage “you can’t fix a problem if you don’t know what’s broken” rings true and this is what a budget is for.
2. Individual budgeting is a must too. Even though you are “numero uno” you can still spend yourself into trouble, there are a lot of pitfalls here. You need a budget which can improve your quality of life and reduce financial stress.
3. Marriage – now here is a budget buster if there ever was one. Marriages are
expensive no mistake about it unless you are planning a shotgun wedding – so a
marriage budget is a must. This can uncover a lot of hidden things that can come back and bite you.
4. Entrepreneur budget – If you are a work at home individual or run a small
business, then a budget is a must especially if you are just starting out so please consider a budget first – it can be the difference between success or failure.
A budget can save you a lot of headaches and money. Consider over-drafts on your checking account along with the fees and stress of covering them, the credit interest expenses that can pile up and uninvited phone calls from bill collectors – this is stress you don’t need in life. So budgeting is crucial and with the world economy today in such turmoil a budget cannot be overlooked. With a budget you will be able to plan ahead in many areas so you won’t be blind-sided with those expenses. There is also the saving aspects of a budget, for retirement (don’t count on social security), for a new car, a baby or many other things you would like in life. Budgeting can be a lifesaver so don’t pass it up.