Do you budget? If yes then I’d like to ask – do you really love to budget? I don’t think many people would answer in a ‘yes’. Let’s admit we don’t really want to budget. Some of us do but that’s because of extreme financial difficulties. But there are solid benefits that make budgeting essential for all. Even for the billionaires. We just need a trigger to start with it. for some it’s being in debt, for others it may be due to a financial goal. For me the trigger was buying our first home. When you combine mortgage, property taxes, home owners insurance and compare them with rent you used to pay, you sense fire – you start budgeting. That’s what had happened with us.
My sincere advice to fellow readers – do not wait till the fire built up on your back. Start budgeting from this month. For rest of the post I’ll go on putting points after points to convince you. By end of the post if I can’t convince you, then just think of a country or a corporation that doesn’t budget. You’ll not find any. The reason is very simple – budget controls spending and distribute spending evenly across various needs.