Having a budget helps ensure you don't spend money you don't have. If you create and stick to a budget, you'll never find yourself abusing credit cards and end up drowning in debt.
2. Prepare Yourself For Emergencies
Unexpected surprises are not so stressful when you have an emergency fund, which is built into your budget.
3. Keep Your Eyes on The Prize
It forces you to map your goals, save your money, keep track of your progress and make your dream a reality. If you don't know where you're going, how would you know when you've reached your goal?
4. Save and Enjoy The Money
When you designate funds for certain purposes, such as employee incentives, awards, and celebrations, you can enjoy the fun stuff without worrying about how affects your bottom line.
5. Be Flexible
By adjusting categories every month or quarter, you can re-allocate funds to where they are needed on account of those where you need less, all while the total budgeted amount does not change.
