Deciding to start a personal budget is much like other vises in life. It is hard to start; it is hard to continue; and it is hard to maintain, for a long length of time. YOU must decide what the plan is for your money and then, ACT on it.
Starting and running a personal budget requires time and a very good attention to detail.
If you stop budgeting for a month or 2, then it takes even more time and effort to “catch” back up to where you were at. There are a ton of numbers and they must match exactly. If you miss by only a digit or two, it could cost you hours to figure out where the problem is. But without a budget, you “waste” money that could be better used elsewhere.
If you have income and you have expenses, then YES, you need to plan (budget) your money.
Most people live from paycheck to paycheck and that is the way they budget their money. They do not plan for the future and then they fail to make it to their goals and dreams.
Why do people fail at budgeting?
- It is hard to track everything, and it is a lot of work.
- The math gets overwhelming.
- There are way too many numbers to deal with.
- They are afraid to face the truth about their money.
The only way to get out of financial stress is to set a budget and stick to it. Follow the plan and make the hard decisions about your money and you will make it to your goals.
It all starts with a desire to better control your money and by starting a personal budget.
Visit MazumaPro.com for more informational blog posts and to sign up for the MazumaPro bugeting APP when it is first released.
