Do you need to stick to a budget? You might be surprised at how many ways budgeting can help you.
First, a budget provides a clear picture of where your money is going, which can give you a greater feeling of control over your life.
Also, a budget can help you identify your spending priorities, which can lead to changes you may want to make.
Furthermore, you may find that sticking to a budget will allow you to establish an emergency fund to pay for unexpected costs, such as a major car repair, if you haven’t already created such a fund. Additionally, you may be able to direct more money toward paying down your debts. And you might even find opportunities to put more money into your IRA or other retirement accounts.
A budget may seem like just a document with a bunch of numbers on it. But it can play a meaningful role in your life – so use it wisely.
This content was provided by Edward Jones for use by Daniel Pellerin, your Edward Jones financial advisor at 189 East Main Street Suite G, in Newport, (802) 334-6261.
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