Why? Because having a budget suggests it’s a strict control and you’re not allowed to spend anything. It’s better to call it a spending plan.
A spending plan will motivate you to take control of your own finances by:
- Getting out of debt and staying out of debt
- Creating a nest egg for unforeseen expenses
- Resisting the urge to spend impulsively
- Achieving goals that you have set for yourself and your family
At Sanlam Key Solutions, we understand the importance of money and how it can affect your sense of well-being. Creating a spending plan is an important step towards taking control of your finances and creating a better you.
So what gets in the way
When you talk to most people they know that they need to get their money under control, so what’s stopping them? Everyone has their own reasons for not getting to grips with managing their money and a spending plan.
“If I could just get another job!”
“I’ll be able to save money when the kids finish school.”
“Maybe when I get my annual bonus?”
“I’m scared of doing a budget, it’s not going to be good news.”
“It’s impossible for me to save right now, I have too many expenses to deal with.”
Take action now
In reality, it is simply procrastination. We put off taking a hard look at our finances, despite the fact that this is the one thing that can put you back on track to be able to feel secure.
Remember the old saying: “A dream without action is just a dream. A dream with action becomes reality.”
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Get Expert Financial Advice
A Sanlam Key Solutions adviser can help you plan for tomorrow and make the most of what you have.