Not sure what you’ll gain by budgeting? Here’s a list of the benefits.

  1. You’ll find it easy to do using State Department Federal Credit Union’s (SDFCU) online Personal Financial Management tools.
  2. You’ll spend less.
  3. You’ll have more freedom by knowing exactly how much you have to spend.
  4. You won’t neglect any fixed expenses because you’ll have money set aside for them.
  5. You’ll skip more impulse purchases and overspending.
  6. 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.
  7. You’ll have fewer arguments and misunderstandings about spending when it’s all been pre-decided and discussed beforehand.
  8. You’ll never be afraid of running out of money before your next payday.
  9. 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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