#34: Budgets, Budgets, Budgets
We’ve mentioned budgeting a few times on this list because we really can’t stress the importance of doing it. Creating a budget allows you to track expenses and monitor how much you spend. It’s a great way to save up money and create financial stability for yourself. It’s not always fun, but it’s worth your time.
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One person on this thread pointed out that creating a budget is a key way that middle-class people can generate long-term wealth for themselves and their families. No matter how frugal you think you are, if you don’t have a budget you’re not maximizing your money’s potential. Taking the time to create a budget is a great first step for anyone, regardless of how much you make.
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