Saving, Managing Debt, and Budgeting
How important is it to have a goal in mind when I decide to create an expense budget?
It is very important to have a goal in mind when you create an expense budget. Visualizing the goal makes it much easier to check your progress toward that goal, and measure your progress, whether positive or negative. Having the end prize in mind—whether an amount, or an actual physical item you would like to purchase—makes the goal more tangible and, in the end, more easily attainable.