You come to realise this when life events change suddenly or unexpectedly. Can you truly live within your means? Do you really need that extra bag/shoes/coffee? Can you give up something that really wouldn't make a huge impact in your life if you didn't have it?
Financial security for yourself, for your children? What about schooling or ....university?!
There is so much information and often it's do this and don't do that. Whatever your take on budgeting, it's something to seriously look at for both now and in the future.
A few sites to help:
- https://www.youneedabudget.com/5-steps-to-build-a-budget/#startReading (not an Australian Website)
- https://www.moneysmart.gov.au/managing-your-money/budgeting (Australian)
- http://www.crown.org/Articles/tabid/107/entryid/116/Default.aspx (Not an Australian website)
- https://www.stayathomemum.com.au/my-money/budgeting/ (Australian)