Not sure what you’ll gain by budgeting? Here’s a list of the benefits.

1. You’ll spend less.
2. You’ll have more freedom by knowing exactly how much you have to spend.
3. You won’t neglect any fixed expenses because you’ll have money set aside for them.
4. You’ll skip more impulse purchases.
5. You’ll have more money to put into savings when this expense is built into your budget.
6. You’ll have fewer arguments and misunderstandings about spending when it’s all been pre-decided and discussed beforehand.
7. You’ll never be afraid of running out of money before your next payday.
8. You’ll feel more confident about your financial situation when you know exactly how much money you have to spend each month.

Your Turn: What’s your favorite reason for sticking to a monthly budget? Share it with us in the comments!