Setting goals should always be the first step in any significant financial changes you’re looking to make.
If your financial goals are your road map, then consider your budget the vehicle that’s transporting you along your journey.
Emergencies will happen; there’s no way around it. But unfortunately, we rarely know the details of how they will happen, when they will happen, and how much they will cost.
Others realize that their debt consumes a large portion of their monthly income, leaving them with less money to invest.
This is precisely why educating yourself on basic investing concepts and terminology is such an important step.