Budgeting I am a free man. I believe that it is my right to enjoy the good things of life. Therefore do I rebel against the slavery of a budget which determines just how much I may spend and for what. I feel it would take much pleasure from my life . . . The Richest Man in Babylon The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy more cherished desires by defending them from thy casual wishes. Like a bright light in a dark cave thy budget shows up the leaks from thy purse and enables thee to stop them and control thy expenditures for definite and gratifying purposes. The Richest Man in Babylon The second cure for a lean purse… Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of they earnings. The Richest Man in Babylon Budgeting seems to say, “I can’t afford the things I really want.” List of Excuses from Making the Most of Your Money • Making a spending plan takes too much time. • I won’t keep it up. • I don’t want to live in a straitjacket. • I hate arithmetic. • None of my friends do. • I budget in my head. • I’m too tired, too old, too busy, too poor, not poor enough. Seventeen Reasons to Have a Spending Plan from Making the Most of Your Money • To find out what you’re spending your money on. Few of us know. • To extract more money for savings and investments. • To figure out how to quit a job, move, build a house, get married, or have a baby. • To get out of debt. Seventeen Reasons to Have a Spending Plan from Making the Most of Your Money • To show the spouse who doesn’t pay the bills where the money goes. • To live on your income. • To prepare for big expenses like college, a new house, or a major vacation. • To retool your life after losing a job or a spouse, or becoming too sick to work. Seventeen Reasons to Have a Spending Plan from Making the Most of Your Money • To keep money from slipping through your fingers. • To determine the minimum income you can live on, so you can handle a cut in earnings, retrain for a different job, or retire early. • To know how you’ll handle unexpected expenses. • To be able to buy what you want!!!! • To prepare for harder times. Seventeen Reasons to Have a Spending Plan from Making the Most of Your Money • To make the best use of the money you get in better times. • To get the whole family pulling in the same direction. • To put a tool in your hands that can change your life. • To put your new financial plan into action.
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