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7 Must-Have Elements of Any Budget

Laura Baize
4 min readOct 7, 2023

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Listen up if you are living paycheck to paycheck

Budgeting — it’s the secret sauce to financial success and a life free from money-related stress. It is an essential tool that empowers individuals and businesses alike to take control of their finances, set goals, and plan for a secure financial future. There are seven elements that can supercharge your budgeting game. In this article, we’re diving deep into the nitty-gritty of budgeting these seven must-have elements that will transform your money management skills and set you on the path to financial freedom. So, get ready to budget like a pro, because we’ve got the inside scoop on what it takes!

But first, a couple of disclaimers.

→Now, a personal budget is, well, personal. Everyone’s budget is not going to look the same. That is why it is so difficult to find any particular worksheet or app that works perfectly well. That is why I recommend creating a worksheet for yourself — but I am partial to pen and paper, after all.

→Further, I personally don’t think everyone needs a budget (I might get hate mail for saying that). I think you need a budget if you are living paycheck to paycheck — like 2/3 of Americans right now. More on that later, though.

Now, here we go!

The Elements

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Laura Baize
Laura Baize

Written by Laura Baize

Stories on wellness, home, faith, creativity, and the complexities of modern life. B.A Political Science M.A Social Science/Intelligence

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