TOP REASONS WHY YOU SHOULD ALWAYS MAKE A BUDGET

in finance •  6 years ago 

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Throughout our lives, we would need to consistently make purchases that would sustain us. Therefore, the importance of having a budget cannot be overemphasized. There are many things which a budget would afford you. These things can even allow you to be able to manage your finances better. Here are some of the top reasons why you should always make a budget of everything you need to purchase;
• IT HELPS PREVENT IMPULSE BUYING: it is in every human nature to be attracted to things which you might not necessarily need. You might also feel moved to actually purchase these things for yourselves. This is what is called impulse buying. Having a budget would help to remind ourselves of the various things which we would need. This would allow us to make good decisions when shopping.
• IT HELPS US SAVE MORE: having some form of savings for the rainy day is a good idea. This is due to the fact that life is quite unpredictable. When you always have a budget prepared down, you would find that saving money would be much easier for you. This is due to the fact that you would not be overspending on a regular basis.
Having a budget is one of the best things you can do especially when you are going out to get things for yourself. You would be able to get everything you need when you stick to your budget.

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Yh
I totally agree with this

Budgeting is such an important skill that isn't emphasised enough...really simple yet extremely powerful tool that can help with decision-making