A budget helps you get a holistic view of your income and expenditures and shows you practical financial actions to take to achieve your goals. Planning a Budget is equal to planning to succeed, and like the popular quote says, “failing to plan is planning to fail”. A budget will not take the cash out of your hand when you are about to make a wrong purchase, neither will it make the right purchase for you. At the end of the day, what makes a budget successful is your decision to stick with it.
While a budget will not take the necessary actions for you, if you do not budget towards your goal, achieving your goals, may take extra efforts and you may make expensive mistakes that can easily be avoided. These mistakes may tamper with the success of your goals and your financial health as a whole.
Here are a few articles that can help you get a grip on budgeting;