what's going on YouTube today we're
going to be talking about the five main
reasons budgeting is the most powerful
financial tool you can ever use to
improve your finances
that's coming up so stick around
I am MK the CPA and along with my
psychic chipper on this channel our goal
is to help you improve your personal
finances your career and your life there
are literally hundreds if not thousands
of books written on the subject of
personal finance investing etc but I
have found that there is no financial
tool or strategy for your personal
finances that will help you more than
having a detailed budget today I'm going
to be talking about the five primary
reasons why using a budget is an
absolute must if you want to build
wealth and financial security throughout
the course of your life okay guys it was
super hard to narrow this down just a
five main reason there are plenty more
that we could even consider our talked
about but I think you're going to like
the reasons I chose and I saved the most
important one for last so please watch
this until the very end of the video
number one an accurate budget will allow
you to see how much your spins and can
save each month plus it will help you
prioritize your expenses accordingly if
you were ever put in a bad financial
situation your budget is your battle
plan that is going to help you lay out
how you would like to conquer your
financial goal number two a budget is
more than just numbers it is actually
describing who you are
it is telling of the kind of lifestyle
you live and your spending habits it
will show you the strengths and
weaknesses of your finances based upon
the income you receive each month
compared to your monthly expenses and
what types of monthly expenses you have
your budget is like looking into a
financial mirror in the similar sense it
is like weighing yourself or tracking
how many calories you eat each day and
the numbers don't lie
alright number three this kind of sounds
crazy guys but an accurate budget it's
kind of like having a crystal ball that
is going to allow you to see into the
future and help you predict how soon
you're going to retire or how sooner to
be able to pay off your debt
isn't it good to know now not later how
much money you need to be putting away
every single month in order to be able
to retire you're going to want to know
this number as soon as humanly possible
so that you can realign your spending
habits and even your career if necessary
in order for you to be able to make
enough and put away enough for you to be
able to retire someday number four a
budget is actually going to help you
stay out of debt by finding your money
on paper first you're going to be so
much less likely to fall in the trap of
debt what many people do is they don't
take the time to put the spin their
money on paper what do they do well I
got two fans out of myself but we go to
the store we see something we like we go
to the mall and we pull out that credit
card and we start swiping and it's not
until later when we get home that's when
we realize once we put our finances
together at that point we're like ah
shoot I don't have enough to pay this
office in a month and that's how you end
up with credit card debt so no no no
don't don't do that that's going to piss
off the piggy bank instead what I would
like you guys to do is before you go on
some big shopping trip make sure you
check your budget or know what your
budget is that way you have complete
clarity about what you're going to be
spending or not spending when you're out
shopping since you won't be guessing
what you're spending you're going to be
like a money managing professional and
you're not going to be later at the
mercy of MasterCard or Visa number five
I've saved the best for last and believe
it or not having a budget can actually
bring you in your spouse closer together
so one of the two main causes of divorce
in America well the two main causes are
communication and fights about money or
money issues this area finances is
greatly under analyzable I hope you guys
realize no matter how hard or how smart
you are you will never hit your
financial goals without you and your
spouse working together a budget will
help get you in your spouse on the same
page and working towards the same goal
it may create conflict at first but it
opens the lines of furyk communication
between you and your spouse and will
ultimately bring you closer together and
working more together because budging
can actually bring you and your spouse
closer together and working more in
harmony that is one of the primary if
not the primary reason why budging is
the most powerful financial tool on the
planet I want you guys know I'm going to
be creating an entire course on the
subject of budgeting because it is
essentially one of the first starting
points of having financial success
throughout your entire life so stay
tuned for more videos that are going to
be popping up on this channel that are
going to help you become a better budget
sure and becomes better with money
management overall it's somebody were to
just see your financial just see what
you spin on a monthly basis what would
they think of you what kind of person
would your budget describe let me know
in the comment section down below
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sure to respond alright ladies and
gentlemen I love you all I will see you
in next week's video but until next time
I hope you have a wonderful week and I
hope that you take this information that
you learned here today and use it to
live your life uncaged! see you next week
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