Eng 115 - Informative Essay

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There are many pros in having and maintain a personal budget. Although doing this can be somewhat tricky for some people, I believe that it has nothing but great benefits. Having and maintain a personal budget allows you to see and know where your money is going. Once you figure this out, you will then be able to figure out how much money goes to every item. In doing this, it will allow you to create a budget plan(Ravenscraft, 2015)

In having and maintain a personal budget has a lot of benefits. It allows you to know where your money is going every month as well as maybe even having extra money for luxury things. Maintaining your personal budget can sometimes become stressful and cause a lot of hardship on you and your family. You have to have will power to stick to your budget otherwise you and your family will struggle month to month and your kids will go without the things that they need.

In conclusion, your personal budget is a way to learn and maintain your money. Learning many ways of saving and controlling your spending habits adjusting to your income and the need of your family. After starting your budget things will start to get somewhat easier and after a while you can look back and see all the money that you have saved during this time

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References

Ravenscraft, E. (2015, May 12) How to start managing your money, for those who never learned growing up [Blog post]. Retrieved from http://lifehacker.com/how-to-manage-your-money-for-those-who-never-learned-g-1703892260

Shin, L. (2016, February 29) How to budget: A simple, flexible method for everyone. Forbes. Retrieved from http://www.forbes.com/sites/laurashin/2016/02/29/how-to-budget-a-simple-flexible-method-for-everyone/#17daf66e7c0b