Special offer

Benefits of having a Healthy Budget

By
Mortgage and Lending with Castle & Cooke Mortgage, LLC, NMLS #1816289 NMLS #37810 /1251

A budget can help you meet all your financial needs. A budget lets you fine tune spending to meet all needs; short term monthly bills and groceries, mid term vacations and long term, home down payment, college and retirement. A budget sows the expenses you can't avoid liek utility bills and those you can postpone(another dinner out), so you can cut short term spending to meet long term goals.

Cut waste..You can cut 75% of the grocery bills with coffee from home, soda and sports drinks from the super market and a refillable water bottle. Without a budget, you don't know what you're spending, so you can't find the waste.

Hit goals. To reach a financial goal, set a time frame, but you need a budget to find that extra money.

A budget keeps you motivated.  You won't mind cutting out some movies if it means a nicer summer vacation.

Spend marter.  If your budget shows you spend more than you earn, it can also reveal ways to spend smarter.  If your budget shows you earn more than you spend, you can figure out the smartest way to spend, save, or invest the excess.  wihtou a budget, you can't be sure about that surplus, so the extra money goes to mindless purchases.

Posted by

Comments (0)