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Budgets

Published on Feb 03, 2016

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1.

Budgets

By: Furrukh Irshad
Photo by Gamma Man
2.

Short-Term

Photo by Vox Efx
3.

Short-Term

  • Staves off "budgeting burnout" of indefinite tracking
  • Motivates people to change their ways
  • Helps estimate how much someone will need for retirement
  • Financial planning clients are more enthusiastic about this
Photo by Wajahat Mahmood
4.

Long-Term

Photo by Vvillamon
5.

Long-Term

  • Keeps people aware of where every dollar is going
  • Accounts for periodic windfalls
  • Allows people to track progress towards goal
  • Helps create very specific spending & savings plans
Photo by Stuck in Customs

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