Keeping a budget seems like such a basic, fundamental concept to finance. But the data suggests that, for most families, maintaining a budget isn’t so simple after all.
61% of adults admit to not having a budget, according to the National Foundation for Credit Counseling® (NFCC). That means over half of adults don’t know the details of what their money is up to every month.
Why? Budgets Help Improve Your Financial Situation
It’s difficult to stay out of debt, build up savings, and know what you need to do if you don’t know where you’re currently at with your money. That’s exactly why a budget makes a difference. With minimal effort, it helps you see at ... KEEP READING