The importance of making a budget is a financial lesson that cannot be overemphasized. If you and your family want financial security, following a budget is the only answer. Still not convinced? Below are six good reasons why everyone should create and stick to a budget. A budget helps you figure out your long-term goals and work towards them. A budget forces you to map out your goals, save your money, keep track of your progress, and make your dreams a reality. OK, so it may hurt when you realize that the brand new Xbox game or the gorgeous cashmere sweater in the store window doesn't fit into your budget. But when you remind yourself that you're saving up for a new house, it will be much easier to turn around and walk out of the store empty-handed.
SHARE THIS POST
Budget and Expense Tracker.
Try it free for 30 days. Key Features: Bank Synching—Easily connect all your accounts in one place. On the Go— Realtime access to all your data makes it simple to share finances with a partner. Debt Paydown—The tools and teaching you need to help you get out of debt for good.
The best budgeting app can nudge you into the immaculate state of spending less than you earn. After testing dozens of apps for two months, we recommend Simplifi by Quicken , even with its modest cost, to both track your transactions and plan your future expenses. For those beholden to a budget that will force you to account for absolutely every dollar spent, we recommend either You Need a Budget YNAB or Mvelopes. Most budget apps are either easy to set up but ultimately ineffective when it comes to money management, or so complex and dull as to drive away anyone without a spare week to investigate their finances.
Account Options Sign in. Top charts. New releases. Add to Wishlist. YNAB will help you break the paycheck to paycheck cycle, get out of debt, and save more money. Try it free for 34 days. Transaction Matching Prefer to enter transactions yourself? You can! YNAB will match up imported transactions with those you enter yourself so your account balances are always accurate.