A person may spend more money than they have the income to cover all financial responsibilities. Knowing exactly where you stand financially can be a major stress reliever. You do not have to worry about the unknown because you know your financial strengths and weaknesses. You can plan accordingly and fix any problems that may need fixing. (Why Making a Personal Budget is Important, 2014). Not having a budget can place a financial burden and separation in a family. Having a budget in place prevents out-of-control spending and lessens the likelihood of arguments. (How Can Budgeting Affect One 's Personal Life, 2016). Associated Press and AOL conducted a poll that revealed that the people who reported high levels of stress over debt were also more likely to report a wide variety of medical issues, including headaches, depression, and lower back pain. (How Can Budgeting Affect One 's Personal Life, 2016). Personal budgeting decreases anxiety about your finances and allows you to concentrate on increasing income, hobbies, and spending time with family. (How Can Budgeting Affect One 's Personal Life, 2016). An individual may be in denial about their debt that causes stress-related
A person may spend more money than they have the income to cover all financial responsibilities. Knowing exactly where you stand financially can be a major stress reliever. You do not have to worry about the unknown because you know your financial strengths and weaknesses. You can plan accordingly and fix any problems that may need fixing. (Why Making a Personal Budget is Important, 2014). Not having a budget can place a financial burden and separation in a family. Having a budget in place prevents out-of-control spending and lessens the likelihood of arguments. (How Can Budgeting Affect One 's Personal Life, 2016). Associated Press and AOL conducted a poll that revealed that the people who reported high levels of stress over debt were also more likely to report a wide variety of medical issues, including headaches, depression, and lower back pain. (How Can Budgeting Affect One 's Personal Life, 2016). Personal budgeting decreases anxiety about your finances and allows you to concentrate on increasing income, hobbies, and spending time with family. (How Can Budgeting Affect One 's Personal Life, 2016). An individual may be in denial about their debt that causes stress-related