Why budgeting is a must for one and all
Date: Thu, 11/18/2004 - 00:12
Today money makes the world go round. Money gives an individual power, and it is money which gives one security and the comforts of life.
It is like the magical wand. We need to be careful in using this wand. If we know how to use the wand it brings us happiness, on the other hand casual handling of this wand can lead us to disaster.
Thus budgeting is indispensable to lead a secured and a successful life. Here we have discussed ten reasons why budgeting is a must for one and all.
1. Just as a government cannot operate without a budget, we are also small units who will become inoperative without proper and rational budget plans. Budget is the first milestone one has to cross in order to lead a successful financial life. You surely have certain desires and dreams and in order to achieve them at the right time budget your funds and plan your expenditure. Otherwise you might end up in a mess with all your dreams shattered.
2. The consumer market today is so full of temptations that one is always tempted to go beyond their affordability. In addition to this, plastic money or credit cards have added a zing to your shopping habits because you don't need the cash instantly. Your expenditure plan or as we commonly say budgeting your funds can give you a comfortable life within your means.
3. A well calculated budget also helps you to save enough to face emergencies in life. If you follow the budget which you have worked out, investments and savings will happen automatically.
4. Following a rational budget plan helps you to save on a quite a decent amount of money. This fund can always be utilized for something useful rather than spending it in a way which is not wise.
5. When budgeting is done all the members of your family will be conscious of the new budget. Every member in the family is now set to make the budget work out. Following a budget plan diligently makes people more responsible.
6. Budget is the ideal way to avoid financial loop holes during times of emergencies. At such times when ready cash is essential, rational budget plans saves you a hole in your pocket.
7. Tight budgeting highlights on the zones where you have unnecessary expenditures. It also points out to you the places where you have to curtail your expenses.
8. Calculative moves with your finance and obeying your budget plans help you to invest on things that matter to you. This investment which otherwise seemed impossible to meet up with is now within your reach.
9. A budget gives you command over money, rather than money having the better of you.
10. Budgeting gifts you a peaceful and hassle free life. If you budget your funds you don't have to worry about debts or fear the harassing phone calls from the creditors.
Creating a budget plan is not the conclusion to the entire story. Sincerity and diligence in following the plan makes budgeting successful. The success story is complete only when we follow the budget and get results from it.
The end result is bound to be a happy one if the planning is meticulous and the follow-up is sincere.
It is like the magical wand. We need to be careful in using this wand. If we know how to use the wand it brings us happiness, on the other hand casual handling of this wand can lead us to disaster.
Thus budgeting is indispensable to lead a secured and a successful life. Here we have discussed ten reasons why budgeting is a must for one and all.
1. Just as a government cannot operate without a budget, we are also small units who will become inoperative without proper and rational budget plans. Budget is the first milestone one has to cross in order to lead a successful financial life. You surely have certain desires and dreams and in order to achieve them at the right time budget your funds and plan your expenditure. Otherwise you might end up in a mess with all your dreams shattered.
2. The consumer market today is so full of temptations that one is always tempted to go beyond their affordability. In addition to this, plastic money or credit cards have added a zing to your shopping habits because you don't need the cash instantly. Your expenditure plan or as we commonly say budgeting your funds can give you a comfortable life within your means.
3. A well calculated budget also helps you to save enough to face emergencies in life. If you follow the budget which you have worked out, investments and savings will happen automatically.
4. Following a rational budget plan helps you to save on a quite a decent amount of money. This fund can always be utilized for something useful rather than spending it in a way which is not wise.
5. When budgeting is done all the members of your family will be conscious of the new budget. Every member in the family is now set to make the budget work out. Following a budget plan diligently makes people more responsible.
6. Budget is the ideal way to avoid financial loop holes during times of emergencies. At such times when ready cash is essential, rational budget plans saves you a hole in your pocket.
7. Tight budgeting highlights on the zones where you have unnecessary expenditures. It also points out to you the places where you have to curtail your expenses.
8. Calculative moves with your finance and obeying your budget plans help you to invest on things that matter to you. This investment which otherwise seemed impossible to meet up with is now within your reach.
9. A budget gives you command over money, rather than money having the better of you.
10. Budgeting gifts you a peaceful and hassle free life. If you budget your funds you don't have to worry about debts or fear the harassing phone calls from the creditors.
Creating a budget plan is not the conclusion to the entire story. Sincerity and diligence in following the plan makes budgeting successful. The success story is complete only when we follow the budget and get results from it.
The end result is bound to be a happy one if the planning is meticulous and the follow-up is sincere.
