The Importance Of Budgeting

Reflecting on the pathway of my financial affairs reminded me of a quote by David Ramsey, “A budget is telling your money where to go instead of wondering where it went.” As young adults we have the proclivity not to consider our futures but concentrate on living in the present. Being put in better words by Charles Jaffe, “It’s not your salary that makes you rich, it’s your spending habits.” Without accurate knowledge, the effects of not budgeting comes with the responsibilities of debt; then comes the stress and need for more money. Which the restitution ends up having us fall to a fate trying to find a resolution. The insight gained from my financial matters were through personal experience. By helping my mom after graduating from

My mom also taught me how to write, balance checks, and keep journals of when I pay bills or use credit cards. Including first-hand being an adult handling checking, saving, budgeting, paying bills, past and present debt. Learning how to survive with no job or assistance but child support to keep your family afloat. And realizing when the negatives of spending was greater than my positive. No one should ever be satisfied with the level of knowledge they are at and should involve with the economy. To me knowledge helps you gain the power to be better. They say ignorance is bliss, and that’s a level I myself and many have been or are at. For I know my weakness of spending money when it comes to family and my strengths of finding a way to balance it all out. Working numerous of jobs just to satisfy the way of living in a challenging economy. Also, the need of growth should be required in a personal financial status to come to a decent level of

I will be saving instead of giving my last dime. Stop spending unless I know there’s enough left over be on my next check. Pay off all my credit cards and loans. And get my budgeting back on track to make appropriate changes. Early in life I wished I knew about the ABCs of finances. Applying money management skills to the way of living. And a untouchable investment obtained to have a comfortable retirement. Investing in myself by using the skills given and learned. And best said by Benjamin Franklin, “An investment is knowledge, that pays the best interest.” Financial advice I would give someone starting out, is to study and applied money management skills to your lives. Learn steps to avoid falling into debt. Learn to shop to save by couponing, shopping through the clearance, and price matching. Avoid temptation, by not purchasing insignificant item every time you have funds, prioritizing first. And use half of your tax money to invest, then pay your bills, and distress but be