2 Benefits of A Spending Plan 1. Youll improve your spending habit Based on the categories of expenses that youve listed, you can now start to put them in a budget form. Theres a lot of financial websites which can be used for this purpose. Through this way, you will be able to keep track of your spending and be able to improve your spending habit for the coming months. You can also learn to improve your financial skills each month. You could use the extra money that you have for something that will benefit you in return. You can use it for saving, giving or investing. Remember, overspending should always teach you a lesson to be more careful with your monthly spending. 2. Youll improve your financial situation There are some categories which require you to keep a running total. You can always input your budget and expenses in our MyFinance Budget Portfolio to make it easier. Every month should be the new beginning of your budgeting. Changes are inevitable as youre required to be prepared for this. Make sure that the spending plan should be flexible. This is needed for unexpected occurrence. We should have guidance on our spending so that it is organized and proper. A spending plan is a something which you have to get used to. It takes quite some time. Dont worry, you will be able to familiarize yourself with the pros and cons as time goes by. After having a spending plan, youll realize that you have a better understanding of your financial health and improve your financial situation over time. Read More : http://MyFinance.com.my/articles/detail/7211191405 We also provide other various Financial Information such as, Credit Card, Housing Loan, Personal Loan, Personal Finance, MyFinance Budget Portfolio, and Calculators. For more information please visit our website MyFinance.com.my !