Budgeting can be such a pain, in fact, I am going to make an educated guess that if you are reading this article, you hate the “B” word just as much as the next person. It’s cool, budgeting is tough and really I do not believe anyone actually enjoys it, we just know that it is necessary.
If your budget has not been working, it could mean serious financial trouble for you or your family later down the road. I know that you do not want that and neither do I. Therefore, I am going to share with you seven reasons why your budget may not be working and what you can do to get it to work for you.
1. Allocating Too Much Money Towards One Expense and Not Enough Towards Another
This one can wreck a budget faster than you can say “don’t do it”. Let us say, for example, you put a huge amount budgeted for paying off debt this month but little to no money towards clothing. Normally, that may be fine, however, your kids start school this month and they need new clothes for the school year.
You just wrecked your budget because you forgot to account for a major expense – your kids back to school wardrobe. Make a list of all the expected expenses for the month before making out your budget in order to ensure that you have all the necessary expenses accounted for.
2. Outside Influences
I am not just talking about people influencing you to wreck your budget; I am talking about all things media related. My family has not had cable in eight years, yep we have gone almost a decade without cable and we love it. However, whenever we are hanging out at our neighbor’s house watching college football, there is the reminder of how media can wreck your budget.
You are constantly being convinced by commercials to purchase things you can probably live without. Commercials are not just at fault for convincing you to buy that super awesome mop; Facebook is to blame as well. Ads from companies, friends, and Etsy shop owners can cause you to spend money on items that were not originally planned because, well, you “need” it.
You do not, I promise, hold tight and keep accountable to your budget. If you think you are not being convinced by commercials or social media to wreck your budget, challenge yourself for a sixty-day fast. Have your cable suspended and cut yourself off from social media and see if it has an impact on