I mentioned this in my talk last September 1st at COL Financial:
Having a Budget is telling your money where to go, instead of wondering where it went.
Following a Budget allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.
And believe me when I say this, so many Filipinos are in DEBT.
Please don't be part of that statistic. Don't live from paycheck to paycheck. Don't stress yourself.
By creating a budget plan, you can easily check which months your finances may be tight and which ones you'll have extra money. You can then look for ways to decrease your spending and create more extra for savings and investments.