Budgeting is about more than just what you buy. Knowing how much you can and do commit to savings is a vital aspect of your budget.
Budgeting will help you reach your long-term financial goals since it will help you focus on allocating money toward savings.
When you keep and stick to a budget, you are less likely to slip into debt or fall into a financial hole.
Aside from avoiding the stress that debt causes, keeping a budget allows you to avoid the uncertainty, which is scientifically proven to be stressful.
Budgeting allows you to see where your money is going, discover any spending trends or behaviors, and receive a comprehensive view of your financial situation.
You are more likely to cancel subscriptions and avoid putting unnecessary extras in your grocery basket if you can see the impact on your budget over the course of the month.
Budgeting gives you a clear picture of your financial condition and allows you to stay in charge of it.
A budget allows you to prioritize your costs by significance and connect them with your values and priorities.