Why Budgeting is important and unimportant at the same time

in SciFi Multiverse2 days ago (edited)

Welcome back for this week. Merry Christmas everyone here.

When I saw the topic for the week I just asked this question - How much do we earn today that we can do a very good budget and it will be okay.? Hmmm! No answer right?

Budgeting is one great thing to do, but it gives me problem most times when I try to do a good budget. There is never enough money to get us the basic things we need as a big family not to talk of our wants. So when the money comes and I try to make budget it gives me headache.

WHAT IS BUDGET?
To my own understanding I know that budget means to write down what you need before going to the market so as to help you get the necessary things.

I LOVE BUDGET

Yes I do but most times I don't get to do it because I don't even know where to start from. I have alot of things to get for the family and yet don't have enough money to do so.

Sometimes even with the budget I still don't go by it. I just got what the little money with me can get and forget about the rest in the list. Having a long list of what we need is not the problem. The major thing is do you have the money for your budget? Hahaha 😂. I believe that some people have fallen victims of this before.

Don't get me wrong. I love to do a budget and follow it if possible, but in a situation where I don't have enough, I don't get to follow the budget strictly because I will need to have enough money to do that. I sincerely don't go with budget most times. I just prefer to look at what I have at a particular time, buy what it can buy and move on. I don't need headache. I don't want to come and die before my time calculating.

Posted Using INLEO

Sort:  

Budgeting is very important if we don't want to get to the middle of the month and start looking like we didn't earn anything that month, budgeting help us stay in check.

Hmmm! Very correct. Am still lear

Lol, I love your sincerity Ma, and you are not alone in this. Budgeting is not as easy as it sounds, money is hard to get and sadly before it even comes in, it is spent.

But that is not an excuse for us not to plan things, sometimes it is lack of budgeting that makes us not know how rich we are and what we can accomplish with discipline.

Thanks a lot for been sincere with me

Failure to follow your budget can result to a financial crisis.

Agreed
Thanks alot