A budget creates the foundation for even the most simple financial plan. Without a budget it’s hard to keep track of where you’re money is going, how much you’re spending, and where opportunities for savings might lie. Even though budgeting is one of the first and most important aspects of a financial plan, very few people actually create and follow one.
For many, following a budget sounds like a chore. It creates images of tedious expense tracking, cutting out all of the fun things in your life, and being forced to count every penny.
Fortunately, that doesn’t have to be the case. Budgeting can be as simple or complex as you make it, but no matter how you create your budget if you follow it, you’ll be on your way to financial independence. Click on the link to get a budget spreadsheet which might help you start budgeting.