Budget is key to your wealth plan and for the creation of wealth.
Well according to Forbes “Ninety-three billionaires, or
23.5% of members of The Forbes 400, made their money through investing”.
So, what has this
got to do with Budgeting then??
Well, the problem is
I find many people do not work by a budget. Secondly if they have put a budget
together, they rarely stick to that budget.
When I chat to people on their Finances, I generally ask the question “So
what is your disposable income?”. In most cases this is where my clients are
not sure of the answer.
A proper budget is the vehicle that will reveal your disposable income.
It is this disposable income that will give you the ability to create
wealth. Especially when you add to this, the art of disciplined saving and
investing. You will be amazed at what you are able to achieve.
Therefore budget is key to your Financial success and every Financial plan.
7 Benefits to Budgeting:
1) Gives you control over your money.
2) It Sheds Light on Bad Spending Habits.
3) It helps you not to spend and waste money on unnecessary items.
4) A budget helps you figure out your long-term goals and work towards them.
5) Helps you organize your spending and savings.
6) Helps you plan for the things you need and the
things that are important to you like a vacation, new vehicle, home, emergency
savings, children’s education, and retirement.
7) It leads to a happy retirement and peace of mind.
Remember when you do your budget it must not
include luxuries and extra spending but rather just normal bills and expenses
to live and survive.
You might be shocked at what your actual disposable income really
is!!
Try a Bespoke Plan
