Trickle Down Effect

Jar tipped down spilling the coins

Prosper today and you’ll prosper tomorrow. There’s a trickle-down effect when you start making smart financial decisions.

The first step, creating a budget, can be stressful. If you’re working to pay off debt or don’t have a reliable income coming in, you may start second guessing your decision to create a budget. But, work through the stress and the math, because it will be worth it in the end!


Because by tracking your spending, you can make wiser decisions about spending and saving your money. Plus, making better financial decisions can impact many areas of your life!


Less Stress

Stress is a part of every area of our life. At times, it can become so unmanageable that it impacts our mental and physical health. So, to say being less stressed is a good thing is an understatement!

Do you find your family is constantly arguing about money? Money is one of the top causes of stress in relationships. You can decrease the number of these stressful situations, not by avoiding them, but by having a better understanding of where money should and should not be spent.

By staying within your budget, as a family, and knowing exactly where all your money is going, you will be surprised at how much easier decisions are to make! Want to go to the movies? If all your entertainment budget is gone, then you already know the answer!

Ever had an unexpected expense pop up? Part of budgeting is creating an emergency savings account. Knowing you have a cushion will help you feel a little less stressed, too. Emergencies are going to happen, but by having this account you’re more prepared to handle it quickly and with little financial stress.

You don’t have to wonder anymore if you have enough money to do something you want or need to do; you’ll know with a simple glance at your budget.


Increased Opportunities

When opportunities pop up, don’t immediately say yes or no. Some people jump to conclusions about what they can or can’t do financially before they even look at the numbers. You may have enough savings set aside to say “yes!” to that weekend retreat or new TV, but without looking at your budget, you won’t know for sure.

Budgeting is the first step toward being able to track not only your spending, but your savings as well. You’ll know your limits and be able to create specific goals for the money you’re setting aside.

Want to go on a quick weekend getaway? You’ll know if you have the money to do it! Want to help your favorite charity during the holidays? You’ll know just how much you’re able to give.

Budgeting and sometimes saying “no,” actually frees you up to say “yes” when the important opportunities do come up!


Ability to Plan for the Future

By saving and tracking your spending, you’re able to better plan for your future. This includes future purchases like a home, car, or retirement. No matter your age or what stage of life you’re in, we all have financial goals.

So, make smart decisions and you’ll be able to start seeing those goals reached! It’s never too early or too late to begin saving for your future.

Making smart financial choices doesn’t mean you only stay within your budget. You can try to find ways to come in under budget, too! This allows you to continue saving for what matters most to you.

Prospering today will help you prosper tomorrow. By making wise decisions with your money, you’ll be able to decrease your stress level, say “yes!” when opportunities come knocking and plan for your long-term future.


Here are some more great tips for every kind of family on being financially smart!