We hear it all the time… we must spend within our budgets. But what does that really mean? Many people spend aimlessly without preparing a budget and as a result, they usually come up short in their financial goals. Trust me, I know. There have been many times in my life, I figured I would just “wing it” or spend according to my feelings. But that type of attitude got me nowhere. It wasn’t until I decided I would commit to a budget, then and only then did I see changes in my finances. Now does this mean that you cannot improvise if needed? Maybe – or maybe not. Things change and times change. We simply can’t predict every single thing in our future, but you must use your budget as a roadmap to help you to reach your financial goals.
So whether your desire is to pay for your kids to go to college or simply become debt free at a certain age, your chances to achieve your financial desires are better if you simply prepare and live within your budget. [Read more…]