There are a lot of benefits of budgeting, and tracking your spending—I mean, obviously, which is why I won’t shut up about them.
But one of the biggest, that I don’t talk about as often as I probably should, is that when you know how much you spend, you also know how much you have left over every month. And when you have money left over, you can do fun things like give it to charities you care about.
True confession: this year is the first year I feel like I’ve Gotten It Together with my charitable giving. I knew how much I wanted to give, and I made a point of setting up an automatic monthly contribution to one of my favourite causes (and next year, I’m adding another one to the list).