OK, so if the “B” word makes you want to groan, hear me out here.
What if I told you that a budget doesn’t have to be some restrictive spreadsheet that cramps your style and forbids you from having any fun?
What if I told you that a budget is actually all about helping you reclaim power and control of your dollars?
What’s a budget really? It’s a plan, a spending plan specifically.
Think about it. For any goal that you ever dreamed of … have any just miraculously come to fruition Cinderella-style?
I’m not a gambling girl, but I’d bet NOT. You need a plan.
Think of your budget as you calling the shots about your money for once. Instead of you getting paid and then wondering where the heck all of your money went, you can actually tell your money where to go. Dave Ramsey suggests a “zero-based budget” meaning that every dollar as a job, a place to go to, work to do for you – til you get to zero.
Think of your budget as your map. If you have certain financial goals, you can use your budget as a map to get you where you want to go.
And this doesn’t have to be hard. If you type in ‘budget’ in your app store, there are going to a million mobile apps to help you budget. I personally use Mint.com, and really like it.
But if budgeting is new to you, I recommend going old school with paper and pencil or a good ol’ Excel spreadsheet to get the most out of the process and start strengthening your financial muscles.