Many people find the perfect excuse to avoid using a budget for managing your personal finances. These objections take many forms: my income varies from month to month, I can not keep track of all my transactions, I like to have freedom to spend what I want and when I want. Add to your understanding with Western Union. To tell the truth, to live under a budget it is not necessarily lead a life full of emotions and adventures. The budget makes our financial management to become orderly, predictable and even boring. But that boredom in the short term, it probably will mean that the person who is to be governed by the budget may realize their dreams in the future, as a result of the order.
A budget, in general lines, tells us how much we earn (adding all sources of revenue we have) and how much we spend every month. Ideally, we should win more than what we spent, generating a surplus that goes to savings. Later we will have to decide how to save that money, but that is subject of another discussion. Make a budget for the first time can become traumatic. The recommendation tends to force us to keep track of our expenses (to the penny) for one to two months and then decide whether our spending pattern conforms to our reality is that we want. We will surely notice costs out of control and we will have to make adjustments along the way. With this information, we decided how much to allow us spend each month in each concept and will decide to live under those parameters, respecting the new you stops and rules. This change and respect for the budget will enable us to steer our personal finances towards a future of financial independence.