I have experience with a budget. I know various formats that can be used for a variety of people. I am 19 years old and have written at least 10 different budgets for myself alone and 20 with someone else. In addition I have reviewed others’ budgets and studied the art of budgeting intensely. When a person passes the point of giving themselves excuses to not write a budget, the next thing I hear is that they are not saving any money.
They write a budget and at the end it shows that they will be saving at least 200 dollars. Yet at the end of the month they are negative 20 dollars. Of course there were life changes during the month and as I always say about budgets, they are not constant, but they are a constant process. No budget will work two months in a row perfectly unless you do absolutely nothing with your life, make no income, and no expenses. Not the most sought after life.
After another attempt at adjusting the budget for the following month, the same results occur. They just can’t save any money.
As I corrected budgets, for a long time I would find ways to lower expenses and cut back. A little about my story, I moved to Madison WI with someone in Aug 2011. Being young and in love, you can guess that we did not have much money. We had saved enough to last seven months living at the lowest amount of expenses possible. We quickly got jobs. (Check my LinkedIn and you can know why, but don’t judge a book by its cover. I actually got the jobs I have because of what is NOT on my résumé) Now that we were set with employment, our goal was to keep saved what we had and save more from our paychecks. Hell no it’s not easy! Can you imagine spending 55 dollars a week on groceries for two people? We do it. We minimize every other expense as much as we can as well. Yet at the end of each month, we only save about 50-250 dollars a month.
Last month we sat down with the budget and tried to make more adjustments so we could save more. It just couldn’t be done unless we wanted to sacrifice all of our happiness. Then it hit me, kinda like a master craftsmen would slap his apprentice over his head once he figured out how to accomplish something he thought could not be done. It was almost as if the slap had a voice and said “You idiot, of course that’s the only way. Why are you spending all of your time on limiting yourself to save money!”
What I learned — If you can’t save money, EARN MORE
I and so many others are doing the right thing with creating a budget but were so focused on making the current monthly income we have work properly. If we could just take all that energy and focus on making more money… You can only imagine how much life would change and the money you would save.
We are a perfect example, we now save 300-450 a month and have only just began our approach at earning more since we couldn’t save more.
Stay Positive and Know Where Your Energy Is Going
Garth E. Beyer
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