Christmas is coming – have you started to plan for it? How about that new car or vacation you want at the beginning of 2022? Along with deciding what presents you’ll be getting your loved ones or thinking about what kind of car you want or where you’ll be traveling to, have you made a hard effort to get your finances in place to pay for it? Proper money management skills including financial planning with budgeting can help.
Loving Budgeting and Financial Planning
Budgeting shows how much money you are spending and can hopefully help you with reducing unnecessary expenses and paying off debt.
Financial planning, on the other hand, should include budgeting along with retirement, insurance, and your will or estate planning.
Although budgeting might not seem like a lot of fun, doing it can lead to a lot of fun. Like most things in life, you need to put in the work before you can truly enjoy the fruits of your labor. Nobody expects you to fall in love with it, but the more attention you commit towards it, generally speaking, the better off you will be—that and increasing your income, of course.
If you are on the journey towards financial freedom then be sure to check out our courses here.