Pros &  Cons Of A Weekly Budget

No matter what your financial goals might be — paying down student loans, saving for a new car or house, or just getting a better grip on spending — using the right budget strategy could help you get there.

Pro: More Flexibility

Using a weekly budget could help you spot when, where, and why you overspent in a certain category. And you can react more quickly to make changes to get back on track.

Pro: Tracking Fewer Transactions

If you sit down to review your spending every week, instead of just once a month, you may be able to run through your transactions more quickly.

Terrain Map

Pro: Planning Around Paychecks

A weekly budget could help pinpoint those extra paydays so you can take advantage of the opportunity to work on a short- or long-term goal.

Con: Too Much Temptation

White Bag

Telling yourself that you’ll spend less “next week” to justify getting what you want right now could become a habit.

Con: Weekly  Check-Ins Could  Become Overwhelming

Taking the time each week to review your purchases and update your budget may not be realistic for some people.

For More Posts Like This Visit The Female Professional