Not sure what you’ll gain by budgeting? Here’s a list of the benefits.
- You’ll find it easy to do using State Department Federal Credit Union’s (SDFCU) online Personal Financial Management tools.
- You’ll spend less.
- You’ll have more freedom by knowing exactly how much you have to spend.
- You won’t neglect any fixed expenses because you’ll have money set aside for them.
- You’ll skip more impulse purchases and overspending.
- You’ll have more money to put away for savings like your Regular Savings Account, IRA, Certificates or Money Markets when this expense is built into your budget.
- You’ll have fewer arguments and misunderstandings about spending when it’s all been pre-decided and discussed beforehand.
- You’ll never be afraid of running out of money before your next payday.
- You’ll feel more confident about your money management skills when you know exactly how much money you have to spend each month.
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