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Budgets are not bad things. They are useful tools that help you to manage your money, understand your spending habits, evaluate your wants and needs and help you to save and invest wisely.
If the financial catastrophe’s of 2009 didn’t teach us anything about why budgets are important tools in your financial toolbox, then I’m not sure what will.
It’s part of my mission to show you all that budgets are useful. They don’t have to be restrictive. Nothing could be further from the truth.
Maybe a change in lingo will help all those out there who are resistant. I call my budget a “spending plan” because frankly that’s what it is. It’s the plan I establish each month to keep me on track and to ensure I don’t use credit cards. It’s the plan I use to make sure I put money aside into my savings account and it’s the plan I use to manage my spending on wants and needs. I use it to plan how I’ll manage spending on a new mattress or a vacation. It’s the plan that keeps me out of debt and thoroughly informed about my money.
If nothing else, it’s my safety net because I always know how much is coming in and how much is going out. It literally gives me peace of mind.
And herein is the message for all of you who are terribly resistant to creating and establish a budget – you’re missing out on peace of mind.
So stop looking at budgets as something that will take all your fun away and start seeing them for something good for you.
Here are some article from around the web to help you learn to love budgets:
Does Living On A Budget Mean You’re Broke? – A Debt Free Stress Free Life
10 Ways To Simplify Your Budget – His and Her Money
How To Start A Budget (When You Suck At Budgeting) – The Busy Budgeter
How To Create A Budget That Works For You – Sarah Titus
Why Value Based Spending Can Make You Happy – Debt Roundup