WHY do you NEED a BUDGET?
1. To HAVE Money available ahead of time WHEN Bills become due. 2. So that you will NOT have to PAY any ADDITIONAL Installment Fees. Example: My Car Insurance Bill is $2,287.00 a year. If I pay in Installments - the ACTUAL COST is $2,332.00! 3. In order to take advantage of “One Time Pay-in-Full” DISCOUNTS. Example: My Car Insurance Pay-in-Full Discount SAVES me $25.00 PLUS the $45.00 SAVINGS of NOT paying in Installments for a Total Savings of $70.00 a year. 4. To HAVE Money saved and available ahead of time for SURPRISES. Example: CAR REPAIRS. (more on this later) The BUDGET TEACHER