Daily financial decisions are a big part of keeping money spending under control. It is estimated that about 60% of all payments are made by not using cash. Research shows that consumers are likely to spend more with credit. This in combination will impulse shopping can make it challenging to keep to a budget. However, planning a budget is important to reach financial goals and control spending.

A monthly budget allows us to know where our money is going. It encourages saving more of it to get out of debt, build an emergency fund, and plan for retirement.

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41% of U.S. Adults Do Not Have a Budget

55% Struggle to Minimize Debt