Personal Budget Analysis

Personal budgets and finance have a remarkable significance on how an individual handles their money. From day to day purchases to being able to buy a house, the implementation of a budget makes the navigation of those purchases possible. There are countless articles explaining the importance of personal budgets. All of them have at least one common theme in them, and that is how necessary they are to becoming a smart, conscious adult and consumer. Some of the most useful information in the articles about finance are about prioritization and the core reasons behind it. Maria Lin’s perspective about prioritization and time was very impactful for me. She said that, "My time is much more valuable than my money because I can never get it back,
Working two jobs and having quite a few expenses, I have started using a budget to keep track of all of my finances. Without knowing my budget and being able to allocate funds to different categories accordingly, I would easily spend more than I should. Learning the increased benefits of this practice and more tips on how to make it more effective will help me be more stable financially. Looking forward after college, I am confident that I will implement a personal budget extensively. When I have more income, hopefully, after college it will even more important to budget them. I will have to allocate money for rent and other adult categories. This is somewhat intimidating, however, I believe that with my habits already formed, I will be ready to take it on when the time comes. These few years in college have been pushing me towards being smarter and more efficient, and I believe personal finance is definitely a part of that. All of the articles that I have read regarding personal budgets and finances have helped have a greater awareness of the implications of navigating my finances without a budget would have. This is great encouragement for me to continue my own personal budget and to build up habits that will carry me throughout my adult