Why is it necessary to make budget?

Why is it necessary to make tool budget? 1.. The money can be controlled by making the budget, where the money goes, it can be monitored. Which card is needed and which is not easy. 2. Savings become a habit of saving. While making the budget, it is considered an essential part to put money in savings. By solving a little saving, a large amount is collected each month, making support for the future. 3.. Useful budget to achieve economic goals helps you focus on your short-term and long-term financial goals. For example, buying, traveling, education or retirement. 4. If you look after your expenditure by making a rescue budget out of the borrowing, the loans do not come. Credit card is also less used. The possibility of being stuck in debt decreases. 5.. In the easy budget to create emergency funds, some are partly kept separate for emergencies. This creates a habit of maintaining emergency funds used in a state of untowtard. 6. If you know the full account of your income and expenses, it is easy to plan investment. You can invest money in options such as SIP, Mutual Funds or FD. 7. The correct handling of less money in tension and anxiety brings spiritual peace. You do not fear the tension or unknown expenses of each month. It brings stability and trust to life. 8. Family requirements are established in the budget in the budget, the account of the child fees, parents’ ration is all fixed. The need of each family member can take precedence. Economic discipline remains in the home. 9. Preparation for big shopping, you can already deposit money for big things like TV, fridge, car or home. It is known how much EMI can be given from the budget. Big shopping is possible without burden. 10. The first step towards self -sufficiency if you start managing your money yourself, take confidence. Budget is part of financial literacy. This prevents you from dependent on others. Click here Life & Style Click for more stories Click here