Thursday, April 26, 2018

Budget 101: Where to begin

January 1, 2018

Change always is difficult. You may have been saying to yourself “I’m not good with money” or “I don’t know what I’m doing”. Well, you’re wrong on both counts. Did you know that becoming financially savvy isn’t about the book knowledge so much as it is about your nature? Most of us have the basics down – spend vs. save, income vs. outgo. But, what has us bogged down are our habits. Think about it – when you go to Target, you know that when you write that check, or swipe that card, it is going to take money away from your account. But, when you grab that candy bar in the checkout, or the People magazine, you do so without a whole lot of thought.

I am asking you to stop being a habitual spender. Start to become a habitual saver! But, first, you need to really be honest with yourself and know financially where you stand. Your goal is to start telling your money where to go, instead of the other way around.

So, go grab a pen & paper. Open up your kitchen cupboards, desk drawers & purse and dig out those bills you have been fearing for way too long. We aren’t going to react to them; we are just going to grab the information off of them! If you want to take an easy approach, you can download my spreadsheet to use. Right now, you want to concentrate on the things that you need in order to live.

Comments

4 Responses to “Budget 101: Where to begin”
  1. Julee says:

    I keep all my bills in one spot until they are paid, then I file them in a monthly file once paid.

    I keep track online or on a spreadsheet.

  2. admin says:

    Piles of bills can be an eyesore sometimes, so I have a cute wicker basket on my desk for the bills.

  3. Julee says:

    Me too!

  4. Bills are a real pain. I have found that since using by debit card all the time, I have overspent. So what I am doing now, is taking out the money I have for the week in cash. It is harder to part with cash than it is to swipe a card. This trick has helped me stop overspending so much. Also when the cash is gone it is gone and I can’t buy anymore.

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