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Do I have to plan a budget if I'm able to save 10% of monthly paycheck?

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Is it necessary to plan a budget? I mean, is it really necessary? Will I still have to plan a budget if I'm able to save 10% of monthly paycheck?




It is necessary since a budget helps you track your expenses. It helps you to adjust with different financial stages of your life.

Sub: #1 posted on Thu, 08/31/2017 - 22:57

SC SC
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Yes, it is necessary. You never know, you might be able to save 20% if you plan a budget.

Sub: #2 posted on Fri, 09/01/2017 - 06:17

Good Nelly Good Nelly
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Without a budget, you will not understand where your money is going.

Sub: #3 posted on Fri, 09/01/2017 - 06:25

sanderspatricia29 sanderspatricia29

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A budget is a pre-requisite to manage finances well. So, do plan a suitable budget for a good financial future.

Sub: #4 posted on Fri, 09/01/2017 - 06:42

Mabelle Page Mabelle Page

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Through budgeting, you may contribute a portion of your earnings each month for investing in your IRA, 401(k) or other retirement funds, you'll eventually build up a nice, fat nest egg. Also, without budgeting, you might not know whether you can afford a new flat-screen TV, a new car, or any other big purchases.

Sub: #5 posted on Thu, 09/07/2017 - 03:48

tiarajoseph11 tiarajoseph11

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