Back To Blog

4 Unexpected Benefits of Budgeting

3 Minute ReadTopic: budget

Sometimes, a budgeting problem is really just a matter of perspective.

From where they sit, folks don’t always understand the why behind budgeting “on paper, on purpose” every month. They don’t recognize all the benefits of giving every dollar a name.

But the benefits are there, if you know where to look. And here are four areas that prove it.

Sometimes, a budgeting problem is really just a matter of perspective.

1. The Financial Benefit

OK, so this may seem like a no-brainer, but it’s the perfect place to start. Dave has been teaching people to budget through Financial Peace University (FPU) for more than 20 years, and it never fails. People who make (and live by) a zero-based budget every month are much more likely to win with money over time.

color

Local experts you can trust.

Find an ELP

That’s an incredible benefit that we really shouldn’t ignore.

Related: We can walk you through creating a budget that really works for you. Learn how to budget more and worry less.

2. The Spiritual Benefit

In a lot of ways, handling money is a spiritual exercise because it touches something deep inside our lives. Dave compares it to a magnifying glass for our character. Money makes us more of what we really are, for better or for worse. If we’re naturally generous, money will make us more generous. If we’re jerks, money will make us bigger jerks.

Money makes us more of what we really are, for better or for worse.

That’s why it’s important to do a budget every month. Budgeting leads to wisdom and maturity. It also provides a peace of mind and contentment like few other things can. Who wouldn’t want that?

3. The Relational Benefit

For years, Dave has pointed out that the leading cause for divorce today is money fights. But he’s also seen how the budgeting principles from FPU have brought healing to so many families. During their budget meetings, couples learn to talk like never before. They find out how to draw boundaries and build legacies for the future.

But this benefit isn’t just for the married crowd. Singles can develop personal discipline and find accountability that has an impact on their relationships, as well.

We all have relationships, and we all deal with money. The relational benefit shows us how to make the two work together instead of seeing them as mutually exclusive.

4. The Emotional Benefit

What’s more stressful than running out of money before you run out of month? The answer is, not much. Failing to track your money creates an incredible amount of stress—stress that can be relieved by budgeting every month.

Think of it this way . . . a messy garage or basement can drive you absolutely nuts. But if you can clean that space and organize things, life instantly becomes better. You can breathe easier and enjoy things more.

The emotional benefit comes from doing the same thing with your budget. You get to skip that extra stress by simply keeping things in order.

It’s tempting to think that “on paper, on purpose” is only a cute catchphrase, but it’s really so much more. But you’ve got a world of benefits just waiting for you to unlock.

And budgeting is your key.

We can walk you through creating a budget that really works for you. Learn how to budget more and worry less starting right now with EveryDollar, our free budget app.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !

More from the Blog