Becentsable is discussing a series to help readers tackle the dreaded “B” word. BUDGETING!
YOU can have a choice in where YOUR money goes and YOU do not have to be stressed about your finances!
When we first started working on a budget, my husband was willing to have a budget, but was not motivate to follow or participate.
The first strategy to create a successful budget is to determine:
- Why you are doing a budget? Setting goals will give you motivation to stay focused and on budget. Something “real” to look forward to or achieve.
When we set goals, my husband became very involved and excited. If we met our budget, he realized we would get to do everything we dreamed. Once we became motivated, we found ways to reach our goals!
Try to set both Short term and Long term goals.
- Short term goals should be things you want to do within 6 months to 1 year
- example: pay off a credit card or save for your emergency fund
- Long term goals should be aimed for 2 or more years.
- example: pay for your children’s college, pay off your house
If you are unmotivated, or have a unmotivated partner:
- Sit down with a pen and paper and list out all your dreams.
- What are your dreams?
- Making it through the month without stressing about the money?
- Paying all your bills this month?
- Having a savings or emergency fund?
- Paying for college? YES, it is possible!
- Traveling the world?
- Being financially free?
- Donating and serving others?
- Be understanding but realistic by asking, “Will you be able to do the things you listed at the rate you are going?”
When we started our “Budget” journey over five years ago, I never thought we would be able to save so much money. YOU can too!
Let’s tackle your budget and make it a word worth talking about!