I'm not a financial expert of advisor. These are just some things I've learned.
I started keeping a budget in July of 2015. I learned how to by reading books, blogs and online articles. .
I have saved thousands of dollars by having a plan, a roadmap, a blueprint. By cutting out things I don't need or can't afford. By spending less than I earn. By making sure I pay myself first, in my money market savings account. By learning how to say "no" and when to say "yes."
I don't have any debt - I've always been debt averse and rarely borrowed without definite a plan for a pay back date.
But for people who do have debt - how much of your money are you basically just giving to the bank by not paying down your debt?
The only way to get a grip on your money is to have a plan. Think if the money you will save! Is that worth your time? You bet!
These days, I am loving the online budget tracker from everydollar.com. It's free, and so easy to use.