I recognize that budgets don’t sound like fun. I can hear you guys now:   

“My financial life is fine.”

“I’ve got years until I will have to worry about this stuff.”

“I have better things to do.”

“I just need to make ends meet until my pension kicks in.”

“I’m not all about money.”

All of that sounds well and good but please stay open minded for a few minutes!

Money gives you security and options. Money is the result of your hard work. You should take advantage of moneys’ ability to work for you.   It starts with a budget.


5 Reasons Budgets don’t Suck

Let’s get down and dirty with this information.

#1  Budgets tell you where your money is going.

How much did you spend on groceries last month? Gas? Entertainment? Do you not know? You’re not alone!

I was surprised to find out that 1/3 Americans do have a budget! Not too shabby. I will go out on a limb here and say that that ratio is a bit different in the firehouse.

I have heard a lot of conversations in the stations over the years, seldom, if ever, did I hear anyone talking about a budget or fiscal self responsibility. Knowing where your money goes each month is everything.


#2  Budgets allow you to climb out of debt.

Debt is a way of life for too many people, but debt is a choice. You chose to spend money that you did not have.

I know there are special circumstances for a few unfortunate people. Devastating illness and catastrophic life events can be game changers, but for those of us who have yet to experience these situations, your debt is a result of your choices.

A budget will allow you to set aside money on a month to month basis to get out of debt for good.

With a budget, not only can you get out of debt, but you can schedule the day that it will happen.

It’s simple math!


#3  Budgets allow you to save and invest in your future.

Knowing how much money you have leftover each month after taking care of life expenses will allow you to put your money to work for you. Wealth is built by putting your money to work for you, not you working for more money!


#4  Budgets improve your spending behaviors.

A budget makes you accountable for your spending.

If you use cash for purchases, you know where your money is going because you have to take it out of your wallet and hand it to someone. The more you hand over, the less you have in your wallet. And when it’s gone, you go without! I don’t like to go without, so I make better spending decisions.

A big bonus of a cash allowance is that if I don’t spend it all, You have extra! This extra adds up and allows me to buy fun stuff, guilt free. Spending responsibly allows me to indulge from time to time; it’s in the budget!


#5  Being broke sucks more!

Broke sucks; that’s no newsflash. Being broke is a result of the choices you make with your money. A budget helps you make better choices by giving your money a job and holding it accountable to get $hit done! If you create a budget, follow it and give it some love; over time it will provide a solution to being broke!

A budget is the foundation of financial strength. The first steps to a bright financial future are:

1) Make a decision to get your finances in order, then immediately commit to action.

2) Create a budget and spending plan and follow it.

Creating a budget is a game changer. Budgets don’t suck!