What is a budget?
And why you should have one
And why you should have one
Have you ever felt tangled in your monthly spending?
Have you ever wondered how you don’t have enough money to make investments or even go on a vacation now and then?
%201-4.webp)
Most likely, you've been advised before to go through budgeting, from a friend, colleague, or through social media. But do you know what a budget is and how to create one?
In a nutshell, what is budgeting?
Budgeting is the practice of constantly doing the math on your own:how much money do I make? How do I spend it within a given time frame? What do I spend my money on? And voilà!
Then why do we usually make it hard on ourselves?!
- We weren't taught how to manage our lives and affairs.
- We’re busy investing in bad habits.
- We’re afraid to say NO when it comes to social compliments.
- We lack the motivation and drive to build new healthy habits.
We did the research -this time- for you, and asked the people on Instagram, how they invest their money, and these were the answers.
It’s no surprise that most of us want to treat ourselves, especially after a tough month of work!And that's completely understandable, because it's simply you're right!
BUT..
What happens every time you receive your monthly income and
decide to play the YOLO attitude?
decide to play the YOLO attitude?
.jpg)
We all know that You Only Live Once.. But why not live your life the way you always dreamed of?
You tried the old ways in the past; why not give the budget a shot? Discover what you might gain when you better manage your finances.
Did you know that its origin is the French word “bougette” a 15th-century fanny pack! It wasn’t until the 1880s that “to budget” was used to refer to money management.
Speaking of managing finances, here’s a fun fact about the word “budgeting”
So, the key to financial well-being is management. Right?
Well, it's not just that; it's a multi-step process.
We designed a blog series, Budgeting Kit for Beginners, to help you take control of your finances.
In this series you will learn about the following:
- Wrong beliefs about budgeting
- Tracking your money
- How to commit & stick with your budget
