A big part of savings that I write about each week, whether it’s in your supermarket savings or elsewhere, all contributes and shapes your financial destiny, and a budget is an important part of that.
If you wonder why I harp on budgeting, savings, and proper planning to insure you always have the ability to meet your expenses, I will admit there was a time when I didn’t plan well and save properly. I thought, “No problem, I always earn more each year, I’m young and healthy, and I have really good credit.” While that was true then, it’s not quite the same now. Today I have learned (the hard way, unfortunately) that earning potential is much more challenging. Age and health sneak up on you and planning your expenses and discretionary spending variables in detail (and yes, updating them) is truly essential.