Why You Need A Budget
You’ll never experience financial freedom if you don’t budget your money.
That might sound like a contradiction. If you think the word budget is synonymous with suffering, you may not understand why you need a budget. But a budget doesn’t have to be bondage — if you use it right, a budget can be your best tool on the journey to financial freedom.
Many people only have a hazy picture of their financial lives. They know what they earn and maybe how much their largest bills are. But they don’t have any clarity about their spending habits and how those decisions affect their financial future.
For people in this situation, starting a budget is like putting on a pair of glasses. With a budget in place, their financial situation comes into sharp focus, allowing them to make smart decisions and take action to begin living in the freedom they were made for.
If you’re still not convinced, let me tell you about five ways a budget helps you on your journey to financial freedom.
A budget gives you perspective.
Some people associate budgets with tight times. And while a budget is the best tool for getting through a difficult financial period, it’s so much more than that. Your budget will give you a comprehensive view of your financial life so you can clearly see the road to freedom.
A budget gives you power.
Most people get into financial trouble because they’re not in control of their money. When they get paid, they spend their money without a plan. That might feel like freedom for a while, but it doesn’t last. A budget will set you free from emotional spending and help you keep a consistent cash flow.
A budget gives you priorities.
If you aren’t sure where your money is going every month, how do you know what you can afford to buy? You don’t — spending decisions you make without a budget are really just blind guesses. But with a budget, you know exactly how much you can spend on anything you buy.
A budget gives you protection.
Some money problems come from simple forgetfulness. If you don’t remember that you have to renew your car registration in two months or buy Christmas gifts at the end of the year, you’re likely to spend money you need tomorrow on unnecessary purchases today. A budget protects you from this mistake.
A budget gives you peace.
If you don’t know where your money is going, it can be hard to enjoy purchases without wondering if you can really afford them. But a budget eliminates this guilty feeling. If you’ve already budgeted for a fun purchase, you can enjoy it guilt-free.
How We Can Help
In 30 Days to Financial Freedom, we use a budget to help you organize your spending, start your savings, defeat your debt and fund your future. And our unique Budget Genius tool makes the process so easy. All you do is answer one simple question each day, and the Budget Genius uses that information to automatically build a personalized budget for your life. It will also help you set savings goals and establish a debt payoff plan. You don’t have to do any math — the Budget Genius does all the hard work for you.
Want to know more about the Budget Genius? You can read more here or watch it in action in our demo video. And when you’re ready to live the life you were made for, 30 Days to Financial Freedom will be here to guide you on the journey.
