By Lauren
Making and following a budget can either be very simple for
people or can be really hard for people to do. Some people like to not follow
any sort of budgeting and some like to make and follow a budget in their
everyday life. Some advantages of budgeting include, knowing what your money is
going to, how much you’re spending on items and it can keep you focused on your
money goals or something you plan on buying but need to save up for. Some
disadvantages of making and following a budget would be the commitment it
takes, you have to really commit to doing this as it can be tempting to spend
money at certain points. It also can take some time to get into the rhythm of
following the budget you set for yourself. I think the whole “make and follow a
budget” is more a rule than a myth. I wouldn’t say it’s a rule everyone needs
to follow but for some people this can be really useful and helpful. I would
definitely recommend people to make and follow a budget if they’re trying to
save up for something or if they would like to spend less money than they
already are. I think this can be really useful for people who need it and are
planning on saving for something as it can also be a reminder to stay committed
to get what you want in the end. Therefore I believe everyone who is worried
about the money they’re spending or anyone who would better like to see where
their money is going to should definitely make a budget and follow it.
https://www.payoff.com/life/money/5-simple-steps-to-create-a-successful-budget/https://www.mappingyourfuture.org/money/budget.cfm
