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Michael Kors

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Submitted By paigeterry
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1. Why is budgeting important to your life?
Budgeting is important because it provides you with financial stability. It allows you have a detailed plan of where your money is being spent and what excess you have. It allows you to not spend money you do not have that should be spent on bills. It is a very good habit and provides a better possibility of you not going into debt. 2. Describe your experience with this process. Was it easy, difficult, or somewhere in the middle? What factors contributed to your feelings?
I personally like to budget. I feel very accomplished when I do my budget month by month. It is easy in the sense of the bills are close in price per month and I get paid the same amount by monthly. It is difficult because budgeting is something that you have to make yourself sit down and do. It is not a quick process and in cooperates time but it not a long process either. You have to have the correct calculations as well. The factors that contributed to my feelings is the sense of comfort I had in this process. I knew what I had to pay for and when and what excess money I had for non-essential items. 3. How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan you would use, and how your budget can help you protect your credit score.

4. What adjustments did you have to make to your budget? How did you decide where to make changes?

5. Will you begin using a budget regularly now? Why or why not?
I will continue to budget my money and use a budget regularly. Like I said it provides me with a sense of financial stability.

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