Saving Money How budgeting can help you save

Augusta

VIP Contributor
Budgeting is all about planning your finances and how you can save money in the long run. Now budgeting is more than just planning on what you spend your money on but it goes further to help you save bits and pieces for the rainy day.

How does budgeting help you save money.

Firstly, you would go only for what you have budgeted for. So no implusive buying that would make you spend more money so invariably you save the extra.

When you budget you have a list of what you want to buy. So you take out only money that will be enough for your planned list items and that's what you would work with so no carrying of extra money that will make you spend more.

When budgeting you go for only your pressing needs. You see what you are going to be spend on. So this will make you leave out frivolities. You wouldn't need extra money to finance what you didn't intended to buy. This here will help you save.

Whats your thoughts on this.?
 

Mataracy

VIP Contributor
Budgeting can be described as a way through which a country , company or business man can plan for the future of the company say,another year.
Budget can really help to save because it will give one moral to save for what has been planned for. It is very good to have plan that is budget for the expenses to be incur later.
 

Mika

VIP Contributor
Budgeting means you make a record of income and expenses. When you make a record of income and expenses, you can try reducing your expenses and also try increasing your income. Budgeting also allows you to plan your investment well. Budgeting is required not only in professional life but also in personal life.
 
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