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, homeowners insurance and compare them with rent you used to pay, you sense fire – you start budgeting.
