Report: 6 reasons why your budget continues to fail

With the New Year upon us, many households may want to impose a strict financial budget to ensure they don’t spend beyond their means and can save some money for a rainy day, or at least for a little bit of drizzle. Although the intentions of households may be sound, many budgets fail for several reasons, and Daily Finance takes a look at those reasons. Here are six facts as to why your budget continues to fail no matter how hard you try:

1. Budget is too strict

2. Budget isn’t realistic

3. Irregular expenses have been omitted

4. You are an impulse shopper

5. You lack preparation for financial emergencies

6. It’s too difficult so you give up.