Do we need a Budget?

You may think you know where all your money goes, and you don’t need a budget to reduce your expenses. I was in that trap for a very long time. I thought I am not a spender; buy only the things I need. Yes that was right I didn’t spend that much, or I didn’t spend anything that I should spend. So I thought I will keep a track of my income and outgo. I set up my account in, so I just watch where all my income ends up. January 2016 onwards I am watching.

After waiting one month, I see that I am not spending what I should spend. Some areas I were spending was not supposed to pay. 


If you can get control of the expenses, that you should not spend, but spend because of lack of the data, you can enjoy financial success.


Yesterday I was listening to Dan Sullivan and Joe Polish’s Podcast 10x talk( – Elephants don’t bite. He explains why little things create the big effect? Dan explains that a small nail can change your commute difficult if it penetrates on your car tyre. The little things do count. Cutting what you spend on unwanted items like tools or the materials you brought for the weekend project may be sitting in your garage, may change your fortune.


Set long term and short term goals for your life. There are no bad goals or plans here. If it’s important to you, then those are the relevant period. If on the long run if goal A or Plan B failed don’t worry, as Brian Tracy said, there are 27 alphabets in English use another plan.

What is your experience? Did you use a budget?