5 Excuses Singaporeans Give For Not Starting a Budget

It has been said that a strong building cannot have a weak base. The same goes for personal finances. In case the basis on which your personal financing is based is weak, there is a greater chance that you will live from paycheck to paycheck or become an obligation. A budget is a basis on which your financial achievement is based. However, many people do not practice the art of budgeting. Here are the 5 best excuses for not starting a budget.

1. I have enough cash at the end of the month without a budget

If you have enough cash at the end of the month, at that time there is one more reason for you to start budgeting. If you spend the money you have at the end of the month recklessly, at that time you can have the ability to buy a considerable amount of interesting things for you, but you are also wasting a space in your business plans.

What happens with cash is that it is as easy as it is presented. In this sense, there may be a period when you need cash, but you do not know how to do it. If you think a budget will cushion your expenses, it will not. What a budget will do is make sure you allocate your cash to what matters most to you, and leave you with a plan to collect your savings.

2. I’m bad with numbers

For some reason, people assume that you must be a mathematician with two doctors to start a budget. Well, here is some encouraging news.

If you have problems with your addition and subtraction, you can always use an application or a spreadsheet. Basically, download one of the various portable applications created with the sole motivation of keeping a budget or tracking your expenses. All you have to do is enter the information and the application takes care of all the calculations.

In this sense, this can not be a reason you can use now.

3. I would be inclined not to fight with my life partner for cash

For many people, marriage and money are taken after oil and water. They essentially do not mix. This is largely because both you and your life partner have unmistakable expectations about cash and how you want to spend or save it. However, as with any marital struggle, you should work on this.

A budget will allow you to save for things that both of you can anticipate, for example, buying a car or taking a vacation.

In fact, it will eventually lead to fewer disputes over cash since both you and your life partner will be on the same page regarding finances.

Related: How do you introduce the essence of budgeting to your spouse?

4. In essence, I do not have the time

He works hard hours of work and the last thing he wants to do when he returns home is to take a look at the invoices and work with a budget. We will not cheat you. Creating a budget is easy. In any case, keeping track of your expenses and, in fact, meeting your budget is problematic and dismal. However, only for the first months. However, when you overcome those initial months, it becomes a habit and it will be as natural as verifying your WhatsApp.

You can also learn fascinating aspects of your spending patterns when you make a budget and even take note of what is costing you too much. In this line, if your portable bill is too expensive, you could always consider switching to another telecommunications company that offers the same administrations for less.

5. I have an irregular salary

If you keep your own private business or are an independent professional, your salary is likely to vary every month. In this line, imagine that you can not make a budget when you have no idea about the amount you will earn. Understandably, it is a challenge to create a budget when you have an irregular salary. Keep in mind that, we said it was a challenge, however, we never said it was unthinkable.

Low-income mortgage loan options give low-income earners hope

Lowest income loans will give you the assurance that you can buy a house without saving between 10% and 20% of the cost of an underlying part. In addition, it is more imperative to assume that you can manage the cost of the reserved portion consistently once you move.

The best way to start is to take note of your regular monthly costs. If you know the amount you have to pay each month, you have an initial reason for the amount you must set aside. In this line, you will save the extra money you earn each month to keep your expenses during the months in which you do not earn to such a degree.

Also, the fact that you do not earn the same amount each month is another reason to start a budget.


All Singaporeans should stop procrastinating before it is too late. Life is really tough if you do not have money and it is not easy to borrow from your friends and relatives without being judged. Should you ever need advance cash and personal loan from licensed money lenders, contact EasyFind today.

Published On: July 27th, 2018

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