This post is part of our 21 Days to a Better Budget Series! To view all the posts in our series, please click here.
If you’re struggling with the whole living a real life on a budget thing, I get it. It’s not easy to make managing your money a part of your everyday life when you’ve gone so long without doing so.
But, I’m a firm believer in making small, daily changes that can add up over time. These small changes can and do make budgeting and managing your money easier.
This is a little trick that I learned from my Daddy when he moved out in the middle of nowhere. When you budget say, $300 for your power bill this month, but when you receive the bill you only owe $250, you still pay the $300 towards your power bill.
Because this will build up a credit on your account with your utility provider and those months when you’re struggling to make ends meet will be made a little bit easier when your utility bills aren’t so high. Or if you make a budgeting error – you won’t have to stress too much about how the bill will get paid.
If you haven’t read my $5 Savings Plan post yet, go read it now. It’s all about making the habit of saving money easier and if you aren’t already automating your savings to make saving money even easier, you should be. The more out-of-sight, out-of-mind your savings is, the easier it is to save money.
Related Post: Why You Should Automate Your Savings
“When I make more money then I’ll budget.” I’ve heard this phrase a thousand times and in fact, it used to be my motto…and then I about went bankrupt so yeah…don’t wait until you “have money” to budget. If you don’t know how to manage your money when you have none, it won’t matter how much money you make, you’ll still fail with money.
Related Post: The Beginner’s Guide to Budgeting
I’m a firm believer in setting goals and financial goals are a must in my opinion. If you don’t know where you want your money to take you, it’ll be very difficult to achieve your version of financial freedom. Determine why money is important to you and then sit down and determine where it is that you want your money to take you.
Is it paying in cash for a car? Paying in cash for yours or your children’s college education? Is it paying in cash for a home? Paying in cash for a vacation? Saving up a fully funded emergency fund?
You determine what your goals and develop a road map to get you there.
Related Post: 3 Steps to Setting Financial Goals
These are just a few of the things that you can do to help make budgeting easier. Living life by a budget doesn’t have to feel like a prison sentence. In fact, budgeting can free you from the insecurities that arise when you don’t know how much money you have or if you’ll have enough to cover this month’s grocery bill.
So, don’t put off making a budget until tomorrow when you can get it done today.
What is a small daily habit that you use to make budgeting easier on yourself?
JOIN THE CHALLENGE!
Money controlling you? I know the feeling. My family has been living this real life on a budget for a long time and I can tell you that there's never a perfect season, but with a few changes you can start to reign in your money issues.
Join the 5-Day Challenge today and start getting your money life in order this week!