Advantages To Budgeting That Will Make You Want To Start ASAP

Managing finances isn’t always glamorous, it isn’t always fun, and it isn’t always easy. Especially when you’re talking about something like budgeting, even more so if you don’t have a lot to work with right now. Trust me, I’ve been there! But there are so many advantages to budgeting, regardless of how much money you currently have, that it would be a shame not to do it.

So today we’re going to dive into some of those benefits, as well as talk about some extra steps you can take to become more confident in dealing with your money.

It cuts down on overspending.

Let’s start off with the most obvious, and most popular reason as to why people budget, to spend less money on unnecessary things. This advantage might seem a little surface level, but in reality, it goes deeper than just having less money come out of your bank account.

Overspending often happens when we’re unsure. Or when we’re overwhelmed with our choices. Oftentimes, we actually regret purchasing what we did. Except now we’re stuck with something we never really wanted in the first place.

So not only does budgeting cut down on overspending, but it cuts down on overthinking.

It allows you to feel more secure.

Although the process of making a budget is certainly stressful. One of the biggest advantages to budgeting is the peace of mind it gives you afterwards. Both because of the fact you know you’re doing the best thing for yourself and your finances, and because of the following:

• Budgeting allows you to free up money for things like building your emergency fund
• It helps keep you out of debt, while raising money to get you out of any you may already be in.
• And it makes you feel better about each and every decision you make when it comes to your finances. Because you have something to go off of.

To me, this is one of the biggest motivators to budget. Because I know all too well how stressful and draining it can be to not feel safe when it comes to your money situation.

It helps you build your future.

Lastly, budgeting helps you lay the foundation for a successful financial future. The savings, the lack of debt, the clear-minded spending. All of it adds up, faster than you might think. You may be able to start improving your credit score, investing some of your money and making passive income, etc.

And not to mention, you’re growing valuable skills with every budget you make. With every budget you reevaluate. With every budget you tweak. You’re learning how to make your money stretch in the right ways, how to make solid decisions that will benefit you instead of throwing you of course.

Your very first budget will be a stepping stone you won’t forget. A stepping stone towards a more secure future, regardless of your starting point.

Ways To Get Started On Your Journey

Now, let’s talk about a few resources you can check out to start using those advantages to budgeting to your favor.

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Books –

When I was first starting my journey with managing finances, I read a lot of books. And in particular, I read a lot of Dave Ramsey books. I always tell people to take advice from others with a grain of salt, and to be sure to only take what fits and ignore what doesn’t. His books are no exception, but I do think they’re worth a read. Especially ‘The Total Money Makeover’, which goes over a lot more than just budgets.

Additionally, I recently came across this book called ‘You Need A Budget’. And I think it could be helpful if you’re just getting started.

Planners –

Another thing you could look into getting would be some planners to help you organize your thoughts. I’m going to link this budgeting workbook I found on Amazon, which includes things like weekly and daily expense trackers. But you could also make your own if you don’t have the money to spend on a premade one right now.

Additionally, another option could be looking on Etsy for budgeting printables. I’m sure you will find a lot of options on there.

YouTube Videos –

Lastly, we have YouTube videos. YouTube is a treasure trove of information, so you’re literally only one search away from finding all the information about budgeting you could need. I wish I had had that resource when I was getting started.

Final Thoughts

In conclusion, budgeting is something I believe everyone should do. Even if it’s not always fun or easy. Because the advantages of it far outweigh the initial discomfort of making or following one. Trust me, I know.