The Power of the Budget

Money makes the world go round. That’s one statement that not one of us can argue with. It takes money to develop ideas. It takes money to sell them. It takes money to build a business and it takes money to operate one. We can’t eat without money and we sure as hell can’t sleep without it. So why are we so careless with it? If money really is the most precious thing we have, why are we not hoarding the stuff every chance we get?

Don’t get me wrong- I like to spend money just as much as the next guy, and there’s a lot of temptation out there. They certainly don’t make it easy to be conservative with your funds with new innovations in technology being introduced on what seems like a daily basis and all of the constantly changing trends and styles. You think to yourself, “sure, our computers are just fine but these new ones have voice recognition and are LED backlit!”  When we are dealing with a recession, we’ve got to dig in our heels and JUST SAY NO!  Our best bet is to make sure any new investments we make during these hard times are put toward solving existing problems or improving operations that NEED improving.

When you think about it, it’s very simple. We make money, we buy only what we need, and we save the rest. This is literally a concept that most of us probably explore as early as grade school but hardly any of us have the willpower to execute. But what if we did? How would life change? For one thing, it would keep us from getting in too far over our heads to ever recover. For another, it would completely alleviate the uncertainty and stress associated with a highly fluctuating financial status. Behold: the power of the budget!