If you're not following a budget, you're not managing your money correctly. Without a budget, you really have no way of knowing how much you're spending each month, and how much room for savings your expenses and income allow for. If you're serious about meeting your financial goals, then you'll need to start keeping track of the money you earn, the money you spend, and the money you save.
Still not convinced? Here are three good reasons to create a budget -- and stick to it.
Americans aren't strangers to credit card abuse, with the average indebted household carrying a $16,000 balance. And a big reason so many people resort to debt is that they spend more than what they bring home. Consistently.
Source: Fool.com