The benefits of creating a budget and sticking to it cannot be underestimated! For many families setting a budget may not be a fun task. It may even be downright difficult. However, there are numerous short-term and long-term benefits to budgets that make sticking to a budget worth it!
Short-term Benefits of Sticking to a Budget
Sticking to a budget makes sure that you’re in control of your finances. Budgeting controls your expenses, which ensures that you’re able to pay your bills. Keeping a close watch on your income minus expenses is critical to maintaining financial health, and building financial wealth.
Further, budgeting gives you a clear picture of your expenses. This empowers you to make wise spending decisions. Taking a close look at your expenses also shows you where you can reduce expenses.
For example, the joy that your daily $5 Starbucks latte brings you may be worth it – or, you may decide that spending $150.00 a month on coffee (that’s $1,800 per year!) isn’t worth it and that one latte per week is the better choice for you.
Long-term Benefits of Sticking to a Budget
Sticking to a budget has massive benefits on the grander scale. Of course, proper budgeting allows you to save more money. But what does this really mean for you and your family? Sticking to a budget allows you to plan for vacations, putting a down payment on a house, home repairs and upgrades, long-term retirement, buying a car outright and living with the comfort of having an adequate emergency fund.
So even if setting a budget isn’t a fun task, or you’re finding it difficult, rest assured that the benefits make it worth the effort. There are a number of free tools, apps, and other resources available to help you create a budget! If you don’t know where to start, check out these 7 Simple and Free Budgeting Tools from US News & World Report.
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We Offer Budget Consulting
Our goals are to help you get out from under the weight of debt, have a fresh start, and be equipped to fully provide for the needs of you and your family. In an effort to reach these goals, we offer budget consulting free of charge to our clients.
The benefits of budget consulting include:
- Gaining a clear idea of where your finances are.
- Creating a clear plan of where you want your finances to be.
- Creating a budget that is in line with your needs and your family’s needs.
- More confidence in managing your finances moving forward.
Read more about our free budget consulting services here.
We Offer Free Consultations
We are proud to serve people in Savannah, Richmond Hill, Hinesville, Pooler, Port Wentworth, Tybee Island, Clyo, Ellabel, Midway, and Ludowici Georgia.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.