Why is budgeting so important?

Ask any financial expert what you have to do to control personal finances, and they’ll tell you the first step is creating a budget. For that matter, they’ll probably tell you that creating a budget is the first step in achieving your financial goals and financial success in general. If you’ve never created a budget before, you might be wondering

Why is budgeting important?

It’s a good question to ask. Why, exactly, is making a budget worth the tedium and work? What makes it such an important part of managing your finances?

A budget helps you see where your money is going

Believe it or not, everyone who earns money and spends it has a budget. When you actually write down where your money goes each month, though, you become aware of how you’re spending your money.


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