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Why You Should Have a Budget
Posted By Jessica Fisher On January 2, 2010 @ 9:44 am In Budget Living | 14 Comments
Most people have heard that they should have a budget if they’re going to manage their money wisely. But, knowing WHAT to do is entirely separate from knowing HOW to do it or even WHY to do it. To be a successful adult, I think we need to know all three. Today Mandi at Organizing Your Way  is sharing HOW to create a budget . If you have never created a budget, there’s no better time than the present for you to start. This is a new month, so today is a great day to get one going.
Three years ago, our family did not regularly budget. In fact, we just spent money until the money was gone and then some. Needless to say, it got us in a bit of trouble. We didn’t file backruptcy or get foreclosed on, but one day we woke up and found that we had a lot of debt without a lot to show for it. FishPapa and I tightened the belt and worked hard to get our affairs in order. It took us about 18 months to pay off $18,000 in consumer debt , but we did it. Today we’re debt-free except for a rental property we own in Kansas City.
One of the best tools at our disposal was learning to budget . If budgeting is a new practice for you, you may be wondering,
There are probably many answers to this question, but from my experience, here are three important reasons for having a budget.
A budget will not only help you financially, but it can also contribute to peace in your heart and peace in your relationships.
So, what do you do? Do you budget? Why or why not?
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URL to article: http://lifeasmom.com/2010/01/why-you-should-have-budget.html
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 Organizing Your Way: http://www.organizingyourway.net/
 HOW to create a budget: http://organizingyourway.net/resolutions/31-days-of-organizing-for-a-better-2010-create-a-budget
 pay off $18,000 in consumer debt: http://www.lifeasmom.com/2009/08/frugal-friday-where-do-you-start-when.html
 learning to budget: http://www.lifeasmom.com/2009/09/frugal-friday-get-out-of-debt-with.html
 plagued by this: http://www.lifeasmom.com/2009/12/battling-gimmes-and-tightfist.html
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