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The beauty of budgeting

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Jay LukasA budget is a beautiful thing. Really, it is.

Having a budget is a key component of any financial plan. You can’t have a plan without having a clear understanding of what money is coming in, as well as what is going out and where it’s going.

When people feel overwhelmed by financial issues and unsure what to do, a budget is the place to start. It requires an investment of time up front, and it requires you to face the good and the bad of your financial situation. But, the pay off and benefits are long lasting.

Writing a budget helps you set and achieve goals by:

  • Setting priorities.
  • Keeping you from spending more than you earn.
  • Giving you permission to spend.
  • Giving you a plan to eliminate debt.
  • Helping you save money for long- and short-term needs.
  • Preparing you for financial emergencies.

Developing a budget can be a empowering experience that can help you take control of your finances. Here are some helpful tools and resources you can find on our website:

Jay Lukas, Assistant RIS Consultant