June 5th, 2025
Your Money, Your Future: Building a budget - Our latest personal finance update with Tracy Reynolds
Reasons to have a budget:
1. Gives You Control Over Your Money
A budget helps you see where your money is going, so you can make intentional decisions instead of just reacting to expenses.
2. Reduces Stress
Knowing what you can afford and planning ahead helps reduce anxiety about bills, debt, or unexpected costs.
3. Helps You Reach Goals
Whether it’s saving for a trip, paying off debt, or buying a home, a budget helps you prioritize and track progress.
4. Prepares You for Emergencies
A solid budget usually includes building an emergency fund, so you’re not financially vulnerable when something unexpected happens.
5. Avoids Debt or Helps You Pay It Off
By tracking what you earn and spend, you can live within your means and avoid relying on credit cards or loans.
