It’s
probably not going to be the most interesting thing you do this year, but
building a budget could be one of the most important… and it doesn’t really
take that much effort. Here’s 4 quick reasons you should take an hour out of
your busy schedule to build a budget:
1) Gets
You Thinking
It’s
too easy to live your life on autopilot these days. When you can use your card
just about anywhere it’s easy to forget just how much you are spending, and
what you are spending it on. If anything, writing out a budget gets you
thinking about what you’re currently spending your hard earned money on, and
what you actually want to be spending it on.
2) No
Nasty Surprises
Not
only will an effective budget tell you what you’re spending money on, but also
when you are spending it. This can’t help avoid nasty surprises in your bank
account when you have to pay your phone, electricity, rent, gym membership or
any other kind of bill as many of us do.
3) Forward
Planning
Having
a budget allows you to look not only to tomorrow, but to the coming weeks, months,
and years. It allows you to plan a path to financial fitness, and identify what
you need to do to get there.
4) Old
Habits Die Hard
Even
if it’s not the most pressing issue, developing a disciplined saving plan is
always important. If you get into the groove of keeping a track of your
spending habits, it’ll be all the more easy when you have a bigger, more
complicated budget to deal with.
So
if you have a bit of spare time this week, try building a budget, and be sure
to let us know on Facebook and Twitter of any tips you have!
You can start using Raiz at any time by clicking this link! For more information on Raiz fees, click here.
Important Information
The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.
The information in this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.
Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.
Past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.
