Why is budgeting important?
Budgeting is essential because it helps you take control of your finances, ensuring that your income covers expenses, while allowing you to save for the future.
A well-planned budget prevents overspending, reduces financial stress, and helps you achieve financial goals such as paying off debt, buying a home, or building an emergency fund. By tracking your money, you can make informed financial decisions and develop healthier spending habits, ultimately leading to greater financial security and peace of mind.
Check out these helpful budgeting tools from PNC:
Check out these helpful budgeting tools from SECU:
- Spending Habits Calculator
- Financial Emergencies Calculator (How much you should set aside based on essential monthly expenses, income and savings)
- College Education Calculator (What it will take to save for your College Education)
- Auto Calculator (What vehicle can you afford?)
If you are enrolled in our free blackboard CashCourse take a look at Unit 2 Budgeting for more information on how to create and maintain budget! Learn how to enroll in the free blackboard CashCourse.