You will say, "what a question this is," but don't be in a hurry! We have the answer, too. Don't have enough because you're justified instead of just remembering? What do we mean by that? Read below:
Creating a personal budget is boring
All right, we admit it's not the most fun thing you can do. But dedicating even a few hours to creating a realistic spending and savings scheme will reward you by saving you tremendous stress in the future.
I don't have time to write down any money I spend
Designing a budget can take a lot of time at first, calculating all the expenses and what you want to save. But lately, it has become even simpler thanks to the numerous applications that make it easy for you to work.
I don't get enough money to draft a budget
Think you don't need a budget as long as any money you earn goes to necessities? Wrong. Designing a budget is even more essential when your income is low so that any money earned can be spent wisely.
I'm weak with math
You do not need any extraordinary calculus since budgeting requires basic calculus.
I don't need a budget
Even if you are very good at managing money, there are always opportunities for better.
What should you do instead of complaining?
Follow these 3 steps and wait for the results!
1. Make a note of what you spend
Financial guides always recommend that people should always note where their money goes. This can be painful so people resist doing it. It's simple: take a white sheet or cellphone and make a note.
2. Raise an emergency fund
Unexpected things can happen so it is best to have an emergency fund for any surprises. If the situation is depressing, you need to take a few steps:
- You can deposit at least 1% of your payment each month into your savings account.
- Hold the rest apart. By saving money for a long time, they will increase.
3. Don't get into debt
Try to use the income for your needs and if they are not enough you can look for extra work or find another way to buy it cheaper. If you agree with your consciousness that you will only pay for the things you have money for, your life will change. Debt default is one of the most important steps to change your financial life.
