Importance of Budgeting and Saving Essay

888 Words Aug 13th, 2011 4 Pages
IMPORTANCE OF BUDGETING AND SAVING

Importance of Budgeting and Saving

Andrea N. Kirkwood

GEN/200

22 March 2010

Mr. Otis Langford

IMPORTANCE OF BUDGETING AND SAVING

Importance of Budgeting and Saving

Do you find yourself living from paycheck to paycheck, unable to pay your bills, struggling financially? If so, you are amongst the millions of people who suffer from these same issues everyday. One of the best ways for you to get on financial track is to establish a budget. What is a budget you ask? As defined by Merriam-Webster, a budget is “a plan for the coordination of resources and expenditures” or “the amount of money that is available for, required for, or assigned to a particular purpose”
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In order to avoid these problems and maintain your financial stability, be sure to stick to your budget as much as you possibly can.

Budgeting and saving are key factors in achieving your financial goals. Completing and sticking to a budget will assist you in figuring out how much money you will be able to save, a week, a month, or even a year and budgeting and saving are the best ways possible to achieve and get the things you

IMPORTANCE OF BUDGETING AND SAVING

want most out of life. Always remember, money cannot buy you happiness, but lack of it will surely cause stress and unhappiness.

References

budget. (2010). In Merriam-Webster Online Dictionary.
Retrieved March 08, 2010, from http://www.merriam-webster.com/dictionary/budget

(n.d). Kiplinger's Personal Finance.(MAGAZINES). MEDIAWEEK, 17(24), 22. Retrieved from Gale: Academic OneFile (PowerSearch) database.

(n.d). Kiplinger's guide to investing success; making money today in stocks, bonds, mutual funds, and real estate, 6th ed.(Brief Article)(Book Review). Reference & Research Book News, Retrieved from Gale: Academic OneFile (PowerSearch) database.

(n.d). Kiplinger's money smart women; everything you need to know to achieve a lifetime of financial security.(Brief Article)(Book Review). Reference & Research Book News, Retrieved from Gale: Academic OneFile

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