Why have budgets or spending plans?
You need a good game plan to be successful in controlling your money. A budget or spending plan is your game plan. We can’t tell you what to do with your money, but we want to challenge you to think it is your money. The best way to control your money is with a budget because you put it in writing. You are more likely to do something when you do put it in writing. There are four major reasons to have a budget or spending plan: • It will help you live within your income • It will help relieve financial stress • It will help you maintain a good credit history • It will help you realize your personal goals and they will improve your life Before you can develop a budget or spending plan you must know what your net worth is. It’s is hard to determine where you’re going if you don’t know where you are. Your net worth is simply your assets (what you own) minus your liabilities (what you owe or debt). Limiting your liabilities has a positive effect on your worth. Click here to go to the Net Wo
