It’s the dreaded “B” word—budgeting.
Unfortunately, the word budget has gotten a bad rap. When it all boils down, a budget is basically just a plan for your money. Budgeting means you’re spending with purpose before the month begins. But many people view a budget as a straitjacket that will keep them from doing what they want.
But that couldn’t be further from the truth! A budget doesn’t limit your freedom, it gives you freedom! It’s really all about being intentional with where your money goes.
How can budgeting help me?
A budget is going to give you an action plan and clear picture of where your money is ending up each month. Budgeting will help you achieve the goals you’re working toward—whether that’s getting out of debt, saving for retirement, or just trying to keep your grocery bill from getting out of hand.
When you see planning a budget as simply spending your money intentionally, you can actually find more freedom to spend! Once something has been budgeted for, you’ll be able to spend that money without feeling guilty. Many people even say they find “extra” money after they create a realistic budget and stick with it. How amazing is that?
15 Budgeting Tips for Your Daily Life
Ready to get started? Here are the top 15 budgeting tips!