Numbers have never been my forte.
I would do some grocery shopping, then go home to my husband (who’s more on the frugal side) who would ask me: how much did you pay for this? And I would blankly stare at him, because I had already forgotten the price at which I bought the item!
Or it would be the CC struggle: the credit card struggle. One day there’s 50$ in it… the next day, it’s up to 350$ and I have nothing to show for it.
When my CC tab was too high, I would feel guilty and work an OT shift, thinking I would pay the CC with the extra money I would make.
But you know very well I wasn’t using it for that.
It was like a vicious circle.
So many times ‘d heard of budgeting, but I thought I didn’t need that, that budgeting was for people who obviously couldn’t count right. Little did I know. Heck, I had to learn 1+1 all over again! But I didn’t have to read the budgeting dummies book. Nope, a couple of research on the net, some practice, some willingness too, and voila!
Budgeting is the perfect tool to track your money. For example, It’s not until I started to look at my bank account that I realized I was spending more than 20% of my paycheck on RESTAURANTS!! Not all categorized food, RESTAURANTS ONLY!
Budgeting also gives you control over how much is in your hand, how much has to go, and what’s there to keep.
It allows you to save for meaningful stuff! Remember that Europe cruise you’ve always dreamed of? With the proper money allocation, it could be closer than you think, or even better, you might be able to pay for it in full BEFORE actually going! WHAT?!
There are numerous tools available on the internet, apps and PDFs files you can download and print in order to have all your categories, like these free budget planner online. These are great tools, but they’re not necessary. All you need is a piece of paper and a pen… if you’re old school. You can also do that on your phone.
I know you may be thinking: easier said than done right?
But it’s part of a small change you have to do in order to get control over your finances. This is step one. Soon enough you’ll have extra $$$ in your bank account, even with the new paycheck coming around the corner. And trust me, it’s a nice feeling. You’ll be able to think about your next moves: paying your debts, building an emergency fund, start saving, investing etc!
So what do you think about budgeting?
You want to give it a try?? Click here for some tips!