Debt Review School | Why Budgeting Matters

Looking at your finances each start of the month and then making a plan for how you are going to spend your money is boring and time consuming.

But thinking about your past, not budgeting may actually be one of the reasons why your finances got out of control. Instead of budgeting and planning ahead you only ever ended up looking back when you got bank statements showing all your purchases during the month.

‘not budgeting may actually be one of the reasons why your finances got out of control’

Think about it: It would be very hard to drive a car safely if you only ever looked at what was in the rear-view mirror. We need to look at the road ahead to be successful.

So, even if you have not been great about budgeting in the past, why not decide to make it a habit to look ahead from now on and budget each month?