Budget
Money is one of those topics that is difficult to talk about, but is something that we all have to deal with in our every day life. Managing money can be hard and spending it can be too easy. Most of us have bills we are trying to keep up with, expenses that come up unexpectedly, fun activities we would like to pay for, and necessities like food and gas to purchase too. It can be hard balancing all of these expenses and sometimes can feel like there is just not enough money to go around! I know there has been times for me when I just got paid and then after all the expenses for that two weeks it’s just gone. This is why it is so important to have a budget.
Having a budget empowers us to know exactly how we want to spend out money and helps us to work towards our financial goals. When thinking about budgets it can seem like a tool that limits us, but in reality it can set us free from harmful habits and give us a picture of our true financial situation. There a several benefits to having a budget:
- Gives you the power to plan for spending money on your priorities.
- Allows you to track your habits and see where you are spending more money then you would like to.
- Helps you to save more and work towards paying off debts.
- Empowers you to confidently make financial decisions with your money!
Beware of little expenses; a small leak will sink a great ship.“
Benjamin Franklin
Budget Tools
I have used a variety of budget tools. One that I enjoy is a binder system. The great thing about a binder is that you can add in pages and take them out as needed. It’s also a great way to keep all of your papers and receipts together. I recently found some great manila folders on Amazon that are perfect for budgeting because they have a monthly calendar on the front. You can watch a video I made below of how to use a binder for your budget!
These are affiliate links for items I bought on Amazon for the budget binder:
Below is a link to a previous blog post that I did about budgeting and there is a free download for a budget worksheet that you could use in a binder system.
Blooming Resilient 