Making a budget is mandatory in life - duh! We all know that a budget is a plan. And if you allow us to quote Friedrich Nietzsche, a man (meaning human being in general) with a plan...is not a man.
So why is creating a budget for a lot of us akin to untying the Gordian knot. Is it all justified?
In fact, we are the ones making our budgeting more complicated without having to. They go to the bookstore and buy all the books they can on personal budgeting. These people invest in money tracking software even before trying out the demo. They go on the Internet and register themselves on an online budgeting website. By then they have spent so much time preparing to do a budget, that they don't have time to do a budget!
Don't make it too hard on yourself by making budgeting a daedal task. Remember the secret to a successful budget is to keep it simple. So what are the ways in which you can simplify your budget?
Start with a piece of paper, or a blank spreadsheet on your computer. Divide your paper or spreadsheet per paycheck you receive. (Yes, you read that correctly. You don't want a column for every month; you want a column for every paycheck). Let us say you get paid once a week, this means you'll want one column per week. And remember, we want to keep it simple, so don't put more than one month's worth of columns on a page.
So you're probably like, hey there, wait a minute, Mr. Budget Man! Is it really possible to place my rent on my budget once a week if I only pay it once a month? Here's how. Using $1,000 monthly rent as an example (remember, we're trying to keep it simple), that means you will have to budget $250 worth of rent money per week. You can even go up to your landlord and say, "hey, Mr. Landlord, how's about if I pay you rent once a week instead of monthly?" You can still pay your rent monthly if that's what floats your boat. The bottom line is, if you deposit your rent money once a week in your bank account, there will still be enough in there for you to pay your rent once the landlord comes moseying along to your unit.
If you budget by the week, and pay by the week, your life will be simple. No longer would you have to keep fretting and pulling your hair out thinking of how you could come up with weekly rent money, for it will already be set aside conveniently. No stress, no worries, because the secret to successful budgeting is keep it simple!
So why is creating a budget for a lot of us akin to untying the Gordian knot. Is it all justified?
In fact, we are the ones making our budgeting more complicated without having to. They go to the bookstore and buy all the books they can on personal budgeting. These people invest in money tracking software even before trying out the demo. They go on the Internet and register themselves on an online budgeting website. By then they have spent so much time preparing to do a budget, that they don't have time to do a budget!
Don't make it too hard on yourself by making budgeting a daedal task. Remember the secret to a successful budget is to keep it simple. So what are the ways in which you can simplify your budget?
Start with a piece of paper, or a blank spreadsheet on your computer. Divide your paper or spreadsheet per paycheck you receive. (Yes, you read that correctly. You don't want a column for every month; you want a column for every paycheck). Let us say you get paid once a week, this means you'll want one column per week. And remember, we want to keep it simple, so don't put more than one month's worth of columns on a page.
So you're probably like, hey there, wait a minute, Mr. Budget Man! Is it really possible to place my rent on my budget once a week if I only pay it once a month? Here's how. Using $1,000 monthly rent as an example (remember, we're trying to keep it simple), that means you will have to budget $250 worth of rent money per week. You can even go up to your landlord and say, "hey, Mr. Landlord, how's about if I pay you rent once a week instead of monthly?" You can still pay your rent monthly if that's what floats your boat. The bottom line is, if you deposit your rent money once a week in your bank account, there will still be enough in there for you to pay your rent once the landlord comes moseying along to your unit.
If you budget by the week, and pay by the week, your life will be simple. No longer would you have to keep fretting and pulling your hair out thinking of how you could come up with weekly rent money, for it will already be set aside conveniently. No stress, no worries, because the secret to successful budgeting is keep it simple!
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