Why a Balanced Budget Reduces Stress?

 

 

Hi everyone.

Today let’s talk about budgets—what they are, and how a balanced budget can help lower your financial stress.

Most people hear the word 'budget' and instantly think it means cutting back on all their fun. But as we start our career and life…earning money and trying to get ahead every month…our perspective changes. 

Having a budget isn’t about cutting out your fun—it’s about reducing your stress by knowing you have enough money to cover your expenses each month.

Think of a bathtub where money is flowing in through the tap…and going out through the drain. A simple budget helps you understand your money filling the tub VS going out the drain each month.

If your money going in…is more than your money draining out, your budget is balanced, and you can sleep well at night. 

If your money is draining out faster than you fill your tub…you are heading down a dangerous path…and should consider some spending adjustments.

We have some simple budgeting tools available, reach out if you’d like a copy.

And as always, we’re here to answer any questions.