Budgeting To Save Yourself From Disaster…
…ruin, from yourself, from bankruptcy, from embarrassment, a big waste of time, working for nothing, being a moron.
HEY! Okay, no need for name calling. You don’t need to muster up so much dislike for yourself and pile on the dread. You don’t need to at least start all those projects your pinned or relive all those tantalizing conversations you had while you were avoiding budgeting – with super-on-point, practiced procrastination, I might add. This is a classic case of “I know you are, but what am I?”…The pot calling the kettle black. Perhaps you are a grey pot and procrastinate less. Or a porcelain ceramic pot and you procrastinate never.
It’s Not Secret That A Big Part Of Buying A House…
Getting Out of Debt…
Really Any Big Deal In Life Requires SAVINGS
“I’m not the best at budgeting. When I was graduating college and expecting my first child I remembered the value of a $1.00. It’s…a dollar. It’s not a dollar from you today means I can spend that and pay you back at 25% interest”
But I got it. I got it.
Budgeting: The Hard And Fast
We all know that secret. You need to save to get anywhere financially, especially if you are…underwater. You owe more than what you are worth.
Don’t Buy Things You Cannot Pay For
My budget was simple and had a hard and fast rule: Do not spend money.
Remarkably, I found myself fairly able to do that. I paid some bills online from my part-time job direct deposit, and then I didn’t drink, go out to eat, rent movies, or have TV. I walked and read a lot instead. I’m that weirdo who is pretty happy NOT to touch the germy green stuff we call hard cold cash. Plastic, like Barbie, was appealing for a time.
Your budget could be that simple: I walk and I read. I don’t spend money…someone Else’s money called my ‘line of credit’. Please, someone write that blog post. I’d eat it like candy in a van.
Origins of Our Personal Budgets
Some people are budgeting to save themselves from disaster.
Some people start to budget to thrive (more)
because they have a lot of money and they want to make more, spend well…well, they are already good with money in a least a few ways, and budgeting goes together naturally with financial skill.
Some people budget to survive (better). They don’t have more money and a strict budget will help them turn a corner…get married, go to college, have a baby, retire sooner, cover a funeral’s cost, hospital bills, an accident. You know, all of life’s corners.
But if sailing is smooth, and you follow this hard and fast rule…in our society you can lead a really good life – no matter what your reasons for reading this article are…
The Key! Sacred Budgeting Secret Is In The Spending: 60% Of Gross Income Should Cover IT ALL.