When you get your paycheck, is it usually gone a few days later? You probably feel like you don’t get paid enough because you’re always running out of money. That may be the case, but it’s probably not.
Spending money so quickly and frivolously is not good for many reasons:
- The obvious reason, you have no more money, so you can’t buy anything until your next payday.
- If you’ve already run out of money, most likely, you haven’t saved anything.
- You are setting yourself up for a future lifestyle of living paycheck to paycheck.
If this is the case, you probably don’t live by a budget. Most people don’t. A budget is not just for adults, teens should budget, too. A budget is an estimate of expected income and expense for a give period of time in the future. With a budget, you would have a careful plan for every dollar you make and spend.This probably sounds tedious, time consuming, and not worth your time.
But wait! What if I told you that with a budget you would have more money? Yes, now I have your attention. Okay, maybe you won’t actually have more money, but you will save more if done properly and carefully.
In this section, you will learn the importance of budgeting, different ways to budget, and more. Read on if you want to stop worrying about your money and learn how to budget.
Articles on Budgeting
What is a Budget?– If you’re clueless about budgeting, try here to learn the basics.
Why should I Budget?– The benefits of budgeting and why it is so important.
How to Budget– Tips on how to start a budget and how to get started.