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Writing about a budget is similar to discussing an emergency fund. Both are underappreciated and can be overlooked. Need proof? Only 39 percent of Americans have enough money to cover a $1,000 expense. What a horrific little factoid this is.
To me, budgets and emergency funds kind of go together. If you have an effective budget, you can get the emergency fund built up in no time. But if the budget is out of whack, you are going nowhere in a hurry. And the only emergency will be your 70 year old self still needing to be employed in the workforce. No thanks.
Why A Budget Is Important
I must confess, I have kept a budget spreadsheet for a few years now. I love it! The spreadsheet is nothing fancy. Simply an Excel file that adds up our various monthly expenses and subtracts them from our income. Nice and easy.
There was a time, probably a year ago, when I stopped budgeting for a few months. Life went on, our finances didn’t sink. However, I realized I missed it. Mrs. DS would attest that I’m not the most organized person in the world, but I am tidy when it comes to the budget!
So why is it important to have a budget? Well….. [Read more…] about Chisel Your Budget Into A Masterpiece