unit12 Why You Need a Personal Budget 为何需要个人预算（在线收听）

Credit can be a friend or a foe. It can be an asset or a liability. If you abuse the privilege, it can ruin future plans. If you find your debts have pile up and you feel out of control, develop a plan to help you solve the problem. Getting out of debts takes a lot of work and self-discipline. It can’t be done overnight, but it can be done!

In today's world there are very few people who take the time to create a personal budget. Some people do not see the value in doing so; other people simply have no desire to restrict their spending habits. With this in mind, it should surprise no one that the number of personal bankruptcies has reached an all time high. People have reached a point in our society where they buy on impulse with no thoughts on the consequences. In order to reverse this trend people need to become more responsible with their patterns of spending.The personal budget helps individual accomplish this behavior .

A personal budget is a financial plan which sets limits on the amount of money that will be spent on each category of expenses in a given month. A good budget will take into consideration such factors as: the amount of income being received, retirement savings, and an emergency fund.

Many people have no idea exactly where or how they spend a good portion of their money. How many times have you taken money from the ATM only to realize a couple of days later that it is gone? Many times it is difficult to remember how exactly you spent the money, and often times this money is wasted on foolish by hard purchases. A budget will help prevent this from happening by making a person accountable for the money that they spend. If a person only has $50 left for monthly food expenses then they may decide to give up purchasing that fancy $3 designer cup of coffee.

Another great benefit is that a budget portrays an accurate idea of how much an individual can actually afford to pay for various consumer items. Whether it's a house, a car, or a new TV, a person will be able to determine whether or not a certain purchase will fit within their monetary constraints.

It is important to realize that simply creating a budget is not enough. This in and of itself will do a person absolutely no good if he does not discipline himself to stick to it. At times this will be very difficult, particularly if a person has established the habit of freely spending without a second thought. However, the long term benefits of financial freedom, debt free living, and a comfortable retirement far away any potential difficulty.

If you have a hard time avoiding impluse fund ,leave a credit card at home.Keep trying when you buy another idea.Those purchases are at a month without you realise it . Finding ways to reduce spending if family but not impossible to do.Anyone in the family should be including in the cutbacks. The more involved the family is in the planning ways to reduce spending , the more commited they will succeed . It's a good lesson for your children to learn early in life.