To a millennial, someone who actively seeks freedom and autonomy, the idea of creating a budget is not very appealing. In fact, the thought of creating something that seems as a restriction is perhaps why so many Grad students and already-in-the-workforce millennials are unwilling to budget or even think about the idea of budgeting.
The reality is, without a budget, your spending choices are unclear, which means your financial goals are unclear, and thus, you are likely to get into unnecessary debt to fund a lifestyle that is way above your current level.
Budgeting is a way to clarify how you’re spending your money and on which things. With the realization of where your money is going, you can determine which expenditures are important and which ones are not in relation to your earning goals.
Let’s get your budget on point, check out this book!