Why Should I Make a
Budget?
You say you know where
your money goes and you
don’t need it all
written down to keep up
with it? I issue you
this challenge. Keep
track of every penny you
spend for one month and
I do mean every penny.
You will be shocked at
what the itty-bitty
expenses add up to. Take
the total you spent on
just one unnecessary
item for the month,
multiply it by 12 for
months in a year and
multiply the result by 5
to represent 5 years.
That is how much you
could have saved AND
drawn interest on in
just five years. That,
my friend, is the very
reason all of us need a
budget.
If we can get control of
the small expenses that
really don’t matter to
the overall scheme of
our lives, we can enjoy
financial success.
The little things really
do count. Cutting what
you spend on lunch from
five dollars a day to
three dollars a day on
every work day in a five
day work week saves $10
a week… $40 a month…
$480 a year… $2400 in
five years….plus
interest.
See what I mean… it
really IS the little
things and you still eat
lunch everyday AND that
was only one place to
save money in your daily
living without doing
without one thing you
really need. There are a
lot of places to cut
expenses if you look for
them.
Set some specific long
term and short term
goals. There are no
wrong answers here. If
it’s important to you,
then it’s important
period.
If you want to be able
to make a down payment
on a house, start a
college fund for your
kids, buy a sports car,
take a vacation to
Aruba… anything… then
that is your goal and
your reason to get a
handle on your financial
situation now.
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