A budget is a necessary plan to help decide how you will spend your money each month. Here are four reasons you should create and stick to a budget!

You will prioritize your needs. A budget helps you figure out your long-term goals and work towards them. If you spend money on everything that catches your eye, how will you ever save up enough for retirement, a down payment on a home, or your dream vacation?

You will spend more mindfully. Far too many people spend money they don’t have. Having a firm budget in place will make sure you always know how much you can afford to spend each month and how much you need to save.

It helps you prepare for emergencies. Life is filled with unexpected surprises, which is why your budget should include an emergency fund that consists of at least three to six months’ worth of living expenses. SeaComm has a variety of savings options designed to fit your needs and help you financially prepare for the unexpected: Regular Savings, Share Certificates, Club Accounts, Individual Retirement Accounts and more! Click here to get started or call us at (800) 764-0566.

You will stress less about money. Not having a budget in place may lead you to miss bill payments or savings goals, and lead to financial-related stress. Establish a budget today and save yourself from unnecessary worry!

If you do experience financial-related stress, SeaComm’s partnership with GreenPath Financial Wellness can help. GreenPath provides SeaComm members with access to free one-on-one financial counseling, student loan counseling, debt management services and more. To learn more about how SeaComm’s partnership with GreenPath can help you, click here or call (800) 550-1961.