
Budgeting Tips for Budget-Haters

Budgeting can be a burden. The bigger burden, however, comes with piled-up bills that can’t be paid off easily. What makes it worse is that you might have to cough up a fortune and delay your retirement for another handful of years to prevent yourself from going into a severe financial crisis.
Budgeting isn’t sounding like much of a burden now, is it? Of course, comparing the two, budgeting is the obvious relief-providing choice. When you create a budget and stick to it, you’ll find yourself sorting pennies less often- thank us when that happens.

Pexels | Who wants to be left with the bare minimum at month’s end?
To get you started, here are a couple of must-dos when drafting your budget this month.
1. Start with the Essentials
By “essentials,” we mean things you absolutely cannot live without- your housing, food, utilities, transportation, child care, debt payments, or insurance. If you stick to the 50/30/20 budgeting tactic, this should round off the first part of that equation. That leaves you with 30% of your salary for your wants because what is life without a little fun after all? The last remainder i.e. the 20% goes into your savings.

Pexels | Budgeting tactics are highly efficient
2. Automation Helps a Ton
By putting tasks on autopilot, you instant cut off the effort it takes to achieve your goals. If nothing else, at least automate your savings so that your future self doesn’t curse you. You know what they: save first, spend later. A tip that you’ll find even more effective is creating a separate account for your savings. Through online banks, you should be able to set up multiple accounts with minimal or no fees.
3. Management is Key
Often people get so carried away with their “fun” that they overspend, thinking NOW or NEVER. That’s the most foolish thing you could possibly do to yourself. We know how quick and easy it is to blow through 30% of your salary when it’s all fun and games but, the moment that 30% runs out, stop. Don’t go digging into your savings or essentials pool, making half promises to do better the following month. We both know it’s not going to happen.

Pexels | Quiet days indoors can be great too
Bottom Line
Your budget won’t be perfect the first time off. Gradually, you’ll come to realize that there are many expenses you could easily do without, such as the cost of multiple streaming platforms, subscriptions to magazines that lie around your home unread, and daily trips to the bar. Once you get on the budgeting bandwagon, your life is bound to become better in terms of finances.
More in Money
-
`
Carrie Underwood’s Husband & Kids: Celebrity Lives Revealed
Carrie Underwood’s husband, Mike Fisher, has been by her side for nearly 15 years. The country music star, 41, and the...
February 7, 2025 -
`
Struggling With Panic Attack? Try This Easy Hack to Stop It
Panic attacks are overwhelming, intense, and can hit you out of nowhere. If you have ever experienced one, you know it...
February 1, 2025 -
`
Why Pamela Anderson Stopped Wearing Makeup
Pamela Anderson, the iconic blond beauty of “Baywatch” fame, has made headlines once again. But this time, it is not about...
January 26, 2025 -
`
Top 6 Easy-To-Start Side Hustles You Must Consider in 2025
Voiceover Work Do you think you have a great voice? Put it to work! Voiceover gigs are among the most flexible...
January 16, 2025 -
`
Shadow Work Explained: What It Is and Why It’s Life-Changing
Shadow work is a transformative practice that delves into the hidden parts of ourselves—those traits, emotions, and memories buried deep in...
January 2, 2025 -
`
Sarah Paulson Wants People to Take Kim Kardashian “Seriously” as an Actress
Sarah Paulson, one of Hollywood’s most celebrated actresses, has made headlines for her unwavering support of Kim Kardashian’s burgeoning acting career....
December 24, 2024 -
`
Can Foreigners Start a Business in the Philippines?
The Philippines is a vibrant economic hub in Southeast Asia, offering lucrative opportunities for entrepreneurs. But can foreigners open up a...
December 19, 2024 -
`
6 Practical Tips to Manage Your Temper as a Parent
Managing anger while disciplining children can be one of the most difficult tasks for parents. Emotions can run high when kids...
December 12, 2024 -
`
Should I Invest in Bitcoin After Its Massive Rally in 2024?
Bitcoin’s price has skyrocketed in 2024, leaving many wondering, should I invest now? After a tough crypto winter, the digital currency...
December 6, 2024
You must be logged in to post a comment Login