A wise man once said, “you see, the chicken is involved but the pig is committed.”
Be the pig & stay committed. Commit to making a budget and hold yourself accountable. Don’t give yourself excuses, make a plan and execute. Are you about social inequality, big banks, and the how the man keeps you down? That’s a story for another day. The story for today is this: control what you can and make every effort to live within your means.
Conceptually, a successful budget seems easy. In real life, it’s not so easy, but it’s doable and it will pay off I can promise you this. First step: walk to wallet, open wallet, and cut credit card in half. Rinse & repeat until all are dismantled beyond repair.
Congratualations! You have taken the first step to controlling your spending, mainly that you can no longer spend money you don’t have. The basics of a budget are simple. Cash inflow should be greater than cash outflow. Personal income should exceed personal spending. Tons of different ways to say the same thing.
Where is your money going? We need to make a list of all the different things that our money go to – start w/ necessities and work your way down. Once you have your list of different expenses start to make rough estimates on how much each category is allocated. These are just preliminary and can still be changed so don’t worry too much.
Sleep at night and iron out details over a couple days or a week or so. You are well on your way to getting your budget into all important operational mode.
Have questions about money and budgeting? I want to help. Feel free to email me @ firstname.lastname@example.org.