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10 Reasons why I Love to Budget

piggybank.jpgSo whats the big deal with budgeting and why is it so important? Let me tell you why I love to budget, I have ten reasons and maybe you might see for your self the reason for its importance. Here they are:

  1. Big Awareness. Through budgeting, it keeps me aware of how much I spend on the daily basis.
  2. Saves me money. By knowing whats coming ahead and being able to plan, it helps me to spend less and less every month.
  3. Smart planning. Knowing how much money I have allocated, daily budgeting keeps me financially aware of my situation.
  4. Puts me in the right direction. Helps me to reach my financial goals.
  5. Helps me Prioritize. By keeping a nice balanced budget, I don’t have room to always buy things that I want. Instead, I need to make sure that I am able to buy the things that I need first before being able to buy anything else.
  6. It just feels good. The satisfaction of spending within my allocated funds is a great feeling and an accomplishment.
  7. Helps reduce debt. Financial planning and strict budgeting is a great way to help reduce debt.
  8. Keeps me in a positive financial mind set. When I’m consistently around numbers and percentages, I’m always being reminded to keep going.
  9. I love numbers. I love to calculate and to see how I’m improving from month to month.
  10. Organized. Being able to plan my budget has definitely helped me to be more of an organized person.
  11. (Extra)I’m ready for those emergencies. Life is unpredictable and you never know what’s heading your way. Being on a budget prepares me for those emergency times when I need those extra few bucks.

Budgeting is a very nice way to keep track of all your expenses and it also helps you stay organized. The best thing is it only takes about 20 minutes per week. I recomend using this program called pear budget. Its an excel spreadsheet that keeps track of how much you spend on the daily casis. If you want to give it a try, you can download it for free here.

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