Why Should I Make a Budget?

You say you know where your money goes and you don’t need it all written down to keep up with it? I issue you this challenge. Keep track of every penny you spend for one month and I do mean every penny.

You will be shocked at what the little, seemingly insignificant expenses add up to. Take the total you spent on just one unnecessary item for the month, multiply it by 12 for months in a year and multiply the result by 5 to represent 5 years.

That is how much you could have saved AND drawn interest on in just five years. That, my friend, is the very reason all of us need a budget.

If we can take control of the small expenses that really don’t matter to the overall scheme of our lives, we can enjoy financial success.

The little things really do count. Cutting what you spend on lunch from ten dollars a day to five or seven dollars a day on every work day in a five day work week saves between $15 and $25 a week… $60 to $100 a month… $720 to $1,200 a year… $3,600 to $6,000 in five years…plus interest.

See what I mean… it really IS the little things and you still eat lunch everyday AND that was only one place to save money in your daily living without doing without one thing you really need. There are a lot of places to cut expenses if you look for them.

Set some specific long term and short term goals. There are no wrong answers here. If it’s important to you, then it’s important period.

If you want to be able to make a down payment on a house, start a study fund to put your kids through tertiary education (college, university, TAFE), buy a sports car, take a vacation to Europe/Australia/Asia/North America… anything… then that is your goal and your reason to take control of your financial situation now.

We hope this was valuable.

About this company:
Focus Liquidity is committed to helping distressed debt companies find a workable solution for their funding requirements, whilst providing every day people with access to a bigger piece of the money pie. If you are either a small to medium business seeking funding for a viable venture, or you are someone with a small amount of money (even as little as $1,000) and would like to maximise your returns, contact us today. We might have a solution.

We look forward to hearing from you.

Paul Lange
CEO, Focus Liquidity