Budgets Aren't Sexy, But They'll Get You There

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What do you think about when you hear the word “Budgeting”? I gotta be honest, I’m not thinking “fun times” when I think about needing to budget. Sitting down to budget can be a daunting task sometimes. What I’ve found is that it’s really just a matter of committing to do it.

The Richest Man in Babylon tells a great story on the importance of budgeting.

…one of the students, wearing a robe of red and gold, arose and said, “I am a free man. I believe that it is my right to enjoy the good things of life. Therefore do I rebel against the slavery of a budget, which determines just how much I may spend and for what. I feel it would take much pleasure from my life and make me little more than a pack-ass to carry a burden” To him Arkad replied, “who, my friend, would determine thy budget?” “I would make it for myself,” responded the protesting one. “…The purpose of a budget is to help thy purse to fatten. It is to assist thee to have they necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes. Like a bright light in a dark cave, thy budget shows up the leaks from thy purse and enables thee to stop them and control thy expenditures for definite and gratifying purposes.

BN Focus - Budgeting may not be sexy now, but after you have disciplined yourself to budget, you will have created the opportunity for you to have freedom and fun…that is sexy!