Only 40% of people of Americans implement a budget in their lives. The implementation of a budget can create a huge benefit and be very successful for many. The article “Stop Wasting Money and Start a Budget” made the comparison that Budgets and Diets are similar in one particular way. Budgets can be beneficial to anyone, no matter what amount of income you have. Once you find the right on that works, you’ll stick to it. Budgets are something that you can’t necessarily go wrong with. There are many opportunities today in order to take inactive and start a budget. There are apps and websites that are willing to assist Americans with beginning a budget that suits them and can help them with management. Although the article says that the best way to take initiative is to create a budget on your own. This allows for personal motivation and creates ownership. Ownership is important when making financial decisions because it allows for you to be in control of your money. You are the person that is deciding what to do with your money. Ownerships also allows for people to understand the importance of each dollar and where it is being spent. …show more content…
Income leaks are when a certain area of spending is draining your bank account. Stopping income leaks can allow for a big difference in income, may people will notice an immediate increase in money, because you are not spending a large amount of your income in one area. Savings is another thing that budgeting can help with. Creating a budget that works can point you in a direction towards saving for unexpected scenarios. Budgeting is a process that can aid Americans in many ways; no matter what method of budgeting you chose to participate