Why I Need A Budget Essay

Throughout grade school it was drilled into us the importance in learning how to save and the need to create a budget to assure one’s future. Like, most teenagers we discarded the idea of needing a budget and spent as much as possible on unnecessary luxuries. They say knowledge is power, so that means that budgeting can help assist in creating that knowledge. When your able to create a true budget, you are able to force yourself to see what your expenses are. Creating a budget line allows one to be accountable when it comes to spending. When you are initially creating your budget line you can decide ahead of time where and how much money will be spent in each category of the budget line. This can save you from going into extreme debt.
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