FMOOD 0303: Is Your Budget Failing You? - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.

Does it seem like your budget is failing you sometimes? When it comes to budgeting, it can be easy for some and more difficult for others. There is a wide spectrum as far as that is concerned, and we've all likely experienced a month or two when the numbers don't calculate the way that we would like.

 

It's true. We've all been frustrated with our budgets at one time or another. What's important to note here is that our budgets play a crucial role and have the power to force us to face what's truly wrong. We simply can't bury our heads in the sand because the math doesn't lie, and that's the beauty of the budget.

 

The budget allows us to see when we have failed, and this isn't a bad thing. It's actually an opportunity for us to be able to improve our budgets for the following month. We can see when we've spent more than we had originally planned. If we never change our behaviors to correct this, our budgets will always reflect these bad habits.

 

The question is, how do we correct these bad habits? For one, we need to analyze the situation to see what's really going on. Can we reduce the amounts of certain budget line items? Should we be considering a part-time job to increase the amount of money that we have coming in month to month? Once the appropriate solutions have been implemented, the corresponding result will be shown to us right there in the budget itself.

 

Essentially, the budget is always there to teach us important lessons along the way and make us aware of problems when it comes to our personal finances. The budget truly is the cornerstone of personal finance and should be treated as such. Befriend your budget and let it work for you. God bless.

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