Five Important Reasons To Have a Budget
1 - Wipe Out Your Debt
With a budget you can eliminate your debt. Even without a budget this is something you can take charge of today. Find out how you can eliminate credit card debt. and download a free excel spreadsheet.
2 - To Start Saving for Retirement
Retirement may be ten years away, it may be thirty years away. In either case you need to plan for retirement. A budget helps you to do this. Most Americans are not saving enough for retirement. Are you one of them? It is almost never too late to start saving for retirement.
3 - To Save Extra Cash for Things You Want
You can either make more money (easier said than done), or manage and reduce what you are spending. Reducing your expenditures is much easier to get a handle on! Reducing expenditures is something you have control over. A budget will quickly show you where you are spending your discretionary income.
4 - To Manage Your Mortgage or Save to Buy a Home
Owning a home by the time you retire will reduce your expenses in retirement. Click to download my free excel mortgage tracker. You can use my Mortgage tracker to...
- Track your existing mortgage.
- Track extra principle payments and see with your own eyes how to can take months or years off your mortgage!
- Create models to determine how big a mortgage you can afford.
5 - To Reduce Your Tax Liability
Most budgets do not take into account the taxes you pay. Many of you are never really sure if you are paying the right amount in taxes until you file your taxes. Hell, you might as well hire a magician to help you fill out your W4. If ever a form was black magic it is that one. Our excel budget spreadsheet has a tax estimator built in to help you get in the ballpark of how much tax you will owe Uncle Sam.
Far too many of you are not managing your money. Many of you are spending more than you make and falling deeper into debt. You think that budgeting is hard. Maybe you just keep making excuses and procrastinating because you are too busy.
Whatever your reason it is time to stop making them and start taking control of your life by taking control of your money for under $10 dollars. Save thousands and work towards a debt free life.