Widows Well - Create a Budget
Why Use a Budget?
Since most widows lose nearly seventy-five percent of their income, it is critical to look at your income sources and living expenses to make financial decisions for the present and future.
A budget helps you figure out your long-term goals and work towards them. It also enables you to map out your goals, save your money, and keep track of your finances.
Staying within your budget keeps you from spending money that you don’t have on things you might not need.
A budget helps you save for the future. If you cut back a little now, it will make your future or retirement years much more manageable.
Budgeting for an emergency fund helps meet unexpected financial needs without going into debt to pay for them.
A budget can reduce financial stress because it reveals your spending habits, refocuses your financial goals and takes the worry out of how you’re going to make enough.
Many people think a budget is restrictive. Actually, it frees us up to spend time on those things we have budgeted fort, without any guilt.
We have created a simple budget to help you get finances organized at the beginning of this journey and a detailed budget to use when you are farther along the path.