Savings/Budgeting

Why You Should Save?

You may be asking, “what’s the whole point of saving when I want to do/buy stuff now?” It’s a valid question. Hopefully, you’ll be making money every week and don’t have to worry about getting behind on rent or other bills. However, that thought can and might be in the back of your mind. You don’t want to think about a day that you’ll loose your job, but you may have a day that you need a nesting fund. You could get in a accident, have your dishwasher go out, need to repair your car, the situations are endless.

However, not every situation will be a negative one. You may want to see your favorite band in concert, want a new pair of shoes, go on a weekend getaway with friends. You want to have that money readitly available to you for when you really need it.

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Savings/Budgeting

What does it mean to budget?

Budgeting meaning different things to different people. Some people look at it as only having $100 a week to spend, and you need to pick how much you spend on what items. Other people look at it as spending still spending a $100 a week, but $50 is for groceries, $10 is for gas, and the rest is for activities. No matter how you look at budgeting, it all comes down to setting a limit on how much you can spend in a given time frame or at a given location.

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