Budgets are boring. Cocktails are fun! Why should you even have to worry about something that your parents probably did at the kitchen table with a pencil stub and their trusty abacus when we’re living in a digital age, baby!
Who needs a budget when your bank balance is at your fingertips and the world is your money-loving oyster. Besides, you’re not an idiot. You know how much you have in your account, and you have no trouble paying off your credit card each month.
So why should you have a budget?
Because it’s time to enter the big-kid world now, my child.
If you’re earning money and spending money, and you want to continue earning and spending that money in a stress-free manner long into the future, then you need to have some sort of idea of how you’re going to do that. Do you really want to leave it up to chance?
Budgeting can be as simple or as complex as you want it to be. I have a digital envelope budget system because it brings me joy and I like to see my ‘binge’ accounts accumulating for a guilt-free spend- your budget might basic as an account you spend out of and an account that you don’t.
What really matters with a budget is that you have an idea of how much you can spend at the supermarket before you have to cut down your coffee allowance, or that when that big annual expense creeps up, you know that there’s enough money set aside to cover it. Anything beyond that is extra-level adulting. When you’re ready to step up your game, here’s a few ideas?
-Like to have a big night out most weeks? Make sure there’s a set figure in your weekly budget for it.
-Planning a trip? Set aside a place in your budget to save for it.
-Sick of feeling guilty after an unexpected spend? Funnel some money into a ‘Splurge’ account every week and enjoy.
At the end of the day, a budget is there to make sure that what you’re spending is less than what you’re earning. But with a little time to asses your finances and a teeny, tiny bit of ongoing maintenance, a budget can help you master your money and make sure it’s working for you, and not the other way around.
How about you? Do you budget already? Would you like to hear more about my budget? Do you wish I would just shut up about money and get back to the acting thing? This gal wants to know!