Budgeting is about Organization not Restriction, Efficiency not Sacrifices

Talk about ‘budgeting your money’ and some people get the wrong idea. They picture people restricting themselves from spending money, sacrificing their fun, and other unwanted and boring things. But they got it all wrong.

The fact of the matter is, setting up a budget helps you do everything you need. Without a budget, your spending is all over the place, and you risk overspending on certain things and having little or nothing for other items.

Personally speaking, before I started following a budget, it was very common for me to spend my paycheck within the first few days, before I even had a chance to pay other things including insurance and phone bills. This cost me a lot of money, including those hated ‘NSF’ charges by the bank. After starting to follow a budget, I am yet to experience these issues again.

Following a budget has also helped me do things that I couldn’t do or purchase before. Budgeting is about organization and not necessarily sacrifices. If you are reasonable and don’t have mountains of debt, your budget will make your life easier and more fun.

For those people who still think that budgeting is a waste of time and will force them to sacrifice certain things in life, I urge you to give it a try for at least 2-3 months.

At the end of the day-and this is the very definition of economics-our income and resources are finite yet our wants and needs are not, so we have to work and be creative with what we have. Otherwise, we wouldn’t need a budget.

Go ahead, create a budget, it will help you live a better life for now and in the future. Guaranteed!