Question

Explain the benefits of budgeting? Give some value points.

Answer 1

Budgeting is that the most elementary and basic tool for managing your money.

Benefits of Budgeting:

1) Provides You 100% Control Over Your Money

2) Let’s You Track Your Financial Goals

3) Budgeting Will Open Your Eyes

4) Will Help Organize Your Spending

5) Will Help Create a Cushion for Unexpected Expenses

6) Budgeting Makes Talking About Finances Much Easier

7) Having a Budget Let’s You Save a “Safety Net”

8) Allows You to Pay Down Debt Quickly

9) Budgeting Helps You Invest

10) Last, But Not Least it Allows You to Live Life Better