18
Jan
2018
1
How Much You Budget What You Have Makes a Difference

How Much You Budget What You Have Makes a Difference

It Starts With a Guerrilla Budget

I have had several people online contact me and say, “I never thought I needed a budget, much less a guerrilla budget” Most of them feel that budgets are for those who have a lot of money.

But, I am here to say, it does not matter how much you have, it’s how much you budget what you have. Rich people go broke all the time for the same reasons poor people go broke.

In my opinion, they both spend to much money for their income. Budgeting is a skill, the more you practice it the better you will get at it. So, start now, and perfect your budgeting skills.

How Much You ‘Budget What You Have’ Will Make a Difference by:


Saving Money

Budgets save you money in many ways. First, it encourages you to put savings in your budget I encourage those who don’t have much money to start with “the jar”. Place loose change in a jar once a week. Then go on to the second jar which is the dollar jar. You will place a few dollars in the dollar jar a week or every two weeks.

This will give you more of a cushion than the coins if something goes awry in your budget, like running out of food or needed extra gas. This will help to keep your budget in tack.

After your jars are full, open a savings account, then later, start automatic deduction from your payroll or checking account to your savings.

;Money, Understand that it is complicated, budgeting counts

Controlling Behavior

A budget controls your behavior by preventing you from randomly pulling out a credit card or spending on things you don’t need. When you pass the dress or shoe store your budget sense will tell you to keep going because those things are not in your budget.

When you get an email from a clothing store you purchased from in the past, your budget will tell you to delete the email, there is no reason to open it.

Ladies for peace of mind when you buy a car you must understand the rules.

Reducing Clutter

This may seem like common sense, but many people spend excessively and don’t realize it until there is so much clutter they can’t find a place to put their buys, or a place to use it.

It is only then, that many realize they are developing a hoarding personality. Creating a budget. and sticking to it will help tremendously to prevent over-buying, the fear  of hoarding and busting your budget, will encourage you to budget what you have.

Budgeting is not taught in most schools, many of your parents do not have a budgeting sense, so it is important to get it from other resources.Start with
my Car Buying Course for Women.

How much you budget what you have makes a difference

 

Lois Center-Shabazz | Course Delta Agency
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16 Responses

  1. Arielle Joy

    Reducing clutter! This should be one of my top reasons to budget better. I’m slowly getting better. Finally cancelled all the monthly boxes except my absolute favorites. Baby steps.

  2. Sarah Bailey

    I love the idea of the jar, I used to do something similar when I was younger, however, it has been a long time since I did that I should really get back into it as it used to surprise me how much I saved.

    1. Talya

      I am terrible at setting budgets and admit this is something I probably need to do especailly as buying whatever I fancy on amazon prime is my downfall.

  3. This is so true! That budgeting what you have makes a difference. When hubs and I reunited, one big thing we did was to sit down and determine how much we’d need weekly for the rent, that’s our largest and most important bill. Since he gets paid weekly and I’m a freelance writer for bloggers and companies, with payments daily, weekly, monthly, etc it was easier to budget on his weekly pay with my pay being easier to use to budget for the other smaller monthly bills that roll in. So far this method has worked and we only fell behind on an electric payment once, but quickly caught back up and tend to save a little bit each month too!

  4. Jennifer Van Haitsma

    They really should teach it in schools! I know people in my own life that really really struggle with this, and weren’t raised to know better. Thanks for all the wisdom.

  5. Beth

    Budgeting makes such a big difference. I’ve encouraged my kids to never use their credit cards, but to have one for an unexpected (true) emergency. So far, they haven’t needed to use theirs.

  6. Agnes

    Budgeting for me is a very important task and talent to know. Most especially now that I became unemployed things and expenses should be strictly followed.

  7. Ice Cream n Sticky Fingers

    I’ve always done well when it comes to living within my means. Typically, I reserve my tax refund for emergencies and it has served me well for years.

    My kids do very well with budgeting their money too. But I focused on teaching them smart money tips when they got their first job.

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