Budgeting is one of the most essential factors of every financial plan. No matter how
much you earn or even you are living paycheck to paycheck, you should know where
your money goes. Budgeting is important because it allows you to understand how much
money you have and where it goes. The best allocate of your money, the most
effective that you can spend your money. Here are some of the essentials parts of a
You might not realize how important a
budget was? Having a budget can help you to keep track of how you spend every month.
Having a budget can help you to cut off some unnecessary expense or even some hidden
cash flow problems. The more you save, the sooner you will get to your financial
It’s hard to create a budgeting plan from
ground. The most common and simplest way to do it is to create a budgeting
worksheet. Try to create a worksheet and put down all the common expenses such as
dining, grocery, entertainment etc., this way can help you to organize everything
and keep track of your money in a more efficient way.
There are so many things that cause us
overspend our money such as using credit card. The reason that we create a budget is
to keep our finance under control and prevent us from overspending. We need to stick
with our budget and try not to exceed it.
Cash Vs Credit Card
Today, credit card becomes one of the
things that everyone must have. Using credit card to purchase is much easier and
faster. However, using credit card will lose track of how much money that we
actually spent. One of the best ways to keep track of your money is use cash. This
might not be as convenience as credit card, but it gives you a better idea of how
much money you have spent every day.