• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

National Debt Relief

National Debt Relief - A+ BBB Accredited Business - Get Relief From Credit Card Debt, Medical Bills And Unsecured Loans

Talk to a debt counselor toll free:

800-300-9550

Get Relief From Credit Card Debt

Medical Bills and Unsecured Loans

  • Apply Now
    • Qualifications
    • Is This Right For Me?
  • Proven Results
    • Debt Relief Benefits
    • Credit Card Debt Relief
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Login
HomeBlog BlogDo You Really Need To Budget?
Video Transcript

Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
  • National Debt Relief, LLC BBB Business Review
  • McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Do You Really Need To Budget?

May 3, 2013 by National Debt Relief

Hands of woman making a budgetI’ve written dozens of times, as have many others, about the importance of having a budget. But as they say at football games, “after further review,” I’ve changed my mind a bit.

The problem with budgeting

Budgeting has a bad rap and for good reason. It isn’t any fun. It’s time consuming. It’s hard to stay on a budget. And it can be depressing. These are the reasons z. They start saving for retirement, concentrate on paying off debt or leap into the stock market without really understanding their financial situation.

How much is coming in, how much is going out

The basic fact is that it’s important to know how much money you have coming in and where it needs to go. This is really the only way to see how you could pay off debt, save money or invest, and it’s nearly impossible to know this without a budget.

Budgeting is more important for some people

Budgeting is a good idea for everyone. But there are some people who need it more than others. For example, if you’ve never created a budget before, you should do so now as it’s almost guaranteed to improve your finances. You’re likely to see stuff you spent money on that you never noticed – a lot of small “budget leaks.” It you create a budget, you’ll be able to spot these leaks and control them.

Do you know your net worth?

Do you know whether your net worth is increasing each month? If not, you definitely need a budget to track your finances. Your net worth should be growing each month and if it isn’t, a budget will help.

If you feel you’re not being paid enough

A budget can tell you if you’re being paid enough to cover your expenses and have money left over to invest or save. If you work in an industry where image is important, you may find you’ll need to make certain sacrifices to maintain that image. And only a budget can help you do that.

If you can’t predict your income

If you work on commission or some other job where there’s not a steady paycheck, you need a budget with a very conservative starting point. It could also help you put aside money during the boom times so you’ll be able to get through the times when things get lean.

When you’re changing careers

If you’re in the middle of changing careers you may not be able to count on the same salary. If you have a budget, you’ll know your required expenses and how much money you need after taxes to pay for them, which could help you do a better job of evaluating job opportunities.

If your life will be changing

Are you about to get married or have your first child? Or maybe you’re going through a divorce. In any of these cases, you’ll be faced with new financial realities. You may have more or fewer dependents and more or less income. A budget can help you make the necessary adjustments in your spending so that you avoid getting into financial trouble.

A fresh look

While these situations make it more important to have a budget, it’s really a good idea for everyone to budget. With today’s technology, you could use a mobile application, a software program or do it the old-fashioned way with pen and paper. But regardless of which of these methods you choose, having a budget will help you take a fresh look at your finances and plan your spending so you can become financially independent.

Do you qualify for debt consolidation?

National Debt Relief
National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

Follow National Debt Relief: Facebook Twitter Instagram Linkedin

Primary Sidebar

Consolidate Your Debt!
Find out how NDR could help.
  • Get one low monthly payment
  • Avoid bankruptcy
  • Get out of debt in 24-48 months
Get Your Free evaluation
Free Debt Consolidation Quote
By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
 Trusted By Our Clients

"Great service"

They were very understanding and great quality and savings. Helping us get our finances back in order. We thank God for them I checked other top debt help companies and discovered that they are number one. We wanted someone number one helping us.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Jowara Morgande
ConsumerAffairs Reviews

Latest Blog Posts

  • How To Write The Perfect Salary Negotiation Email
  • How To Go Back to School as an Adult
  • Is It the Right Time to Ask for Raise?
  • How To Turn A Summer Gig Into A Full Time Job
  • Debt Consolidation: 7 Tips on How to Pay Debt Off
National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Consumers Advocate Trust Pilot
Company
  • About Us
  • Contact Us
  • Blog
  • Careers
  • Corporate
  • Privacy Policies
  • Terms Of Site
  • Disclaimer
  • Sitemap
Products
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Debt Settlement
  • Calculators
  • FAQs
Debt Resources
  • Credit Card Debt
  • Bad Credit
  • Medical Debt
  • Personal Loan Debt
  • Unemployment
  • Divorce Debt
  • Retiree Debt
  • Veteran Debt
  • Business Debt
  • Personal Finance
Follow Us
  • Facebook
  • Twitter
  • Linkedin
  • Instagram
  • Pinterest

© 2021, National Debt Relief, All Rights Reserved.

Disclaimer
Disclaimer
Disclaimer