I started budgeting about three years ago and it still surprises me how much money is spent monthly on items that I believe are necessary to survive in this day in age. The key in accurately budgeting is knowing where your money is going to. This is not the place where you …show more content…
I believe that saving some money each month is necessary because you never know what the economy might do. We know how fragile the economy is currently and gas prices can go up at the drop of a dime which would lead to increased prices on groceries and utilities. You can also run into a medical emergency which would cause you to find enough money for your deductible and the needed testing. I believe that I wasted money is clothes and miscellaneous items. I currently have a closet full of clothes, shoes, and accessories and I don’t need any new outfits. Especially when I wear scrubs six days a week. I also see that overspent on food lately due to changing my diet. I tend to eat now a fat free diet which means that the product you buy that are fat free are a bit more expensive but it’s worth it because your helping your