The reasons why you should keep a budget are plentiful. By budget I mean a recode of expenditures, not just a list of bills. It's easy enough to grab a paper and pen, sit down and list your monthly bills. You need more though. You need a way to monitor every penny that ebbs into your financial scheme. Most people would agree that they do not have any money to simply throw away. However, that is exactly what many of us do, daily. If you have financial goals, then you need to watch every cent that you have control over. You see, that's the key: every penny that you control. There are two key words here: you" and control". The you" could not be any more direct in its implication: there is X amount of money in your life. Likewise control" doesn't mean simple possession. You actually have to intentionally control your pennies. If you erroneously consider a singular penny worthless, then you need to consider a nickel, then a dime, quarter, and so on. Imagine yourself throwing one quarter off of your private yacht. Now, throw another, and another. Let me tell you something: If you continue throwing those quarters overboard, it will not take that long for your yacht to become a bass boat, then a canoe, and then you sink. Get it? Sit down each day and tally up every penny that you spent that day, every one. When done, look over you day and ask yourself if you really needed to spend the extra five bucks on the oversized lunch that you didn't even finish. Not to mention the fact that it destroyed your diet" for one more day. Think that five bucks is the equivalent of twenty of those quarters that you should be saving towards that yacht.
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