If you have dreams of saving enough money to take a world tour or enjoy the perfect, anxiety free retirement, it is essential to have a well thought out budget in place right now.

A budget can help you regulate the amount of money you spend and what you spend it on. Many people find it difficult to stick to a budget because they do not have a clear goal. If you don’t know what you are saving for, there is a good chance that you’ll end up being undisciplined with your money. On the other hand, sometimes the budget can be too austere and you might find it too hard to stick to it. [Read more…]