I know that it might not be always possible to have savings each month, but it definitely helps to have at least a little extra money. Every time I manage to save extra money, it makes me happy. It makes me happy to know that I can have peace of mind knowing that I have more money than I spend. I know that I could always use a credit card if I wanted to cover some extra expense, but being able to do it without having to resort to a credit card is so much better. I encourage you to make sure that you have at least a little savings each month. This should already make you feel better.
It is not enough to plan your budget once and then leave it be. Your situation and your expenses might change often, even more often than you might expect them to change. You need to be flexible with your budget. I try to adjust my budget almost every month. I try to see if something has changed. Maybe I have one more extra expense or maybe there is something I decided not to buy anymore. If this is the case, it might be a reason to remove it from the budget and replace it with something else or nothing at all.
One thing I have been fighting recently was overspending. Overspending can happen when I decide to spend my money on something I normally do not spend it on. Overspending is more likely to happen during summer months when I am more likely to want to go somewhere on vacation. It is not rare for my friends to encourage me to go somewhere with them. For me, this means overspending. I usually do not include my vacation expenses in my budget. Since I do not go on vacation every month, I do not see a reason to include it in my budget.
I sometimes wonder if it is even possible to save money in a down economy. Do you for example have any savings? When it comes to me, I do not know when was the last time I had some money on my savings account to spend on whatever I wanted to spend. One of my New Year’s resolutions is to have more savings. I know that the resolution might be a little ambitious, but I am not ready to give up just yet. This time I am going to try really hard to make sure that I accomplish my goals. I will try to go through the list of my expenses and see what I can reduce. I will try to let you know about everything I managed to accomplish.
Most people I know do not like their jobs. Only a handful of people actually like what they do. It would be difficult to find people who are passionate about what they do. Once you find such people, you can at least know that liking your job is indeed possible. One way to like your job is to have a home business. The thing about home businesses is that you can choose to do whatever you like. The only challenge is choosing a product or service that is going to sell. You will make money from your home business only if there is a demand for your particular products or services.
I like to take time to plan my budget. One thing I discovered some time ago was that I needed to find balanced between making a too tight budget and too loose budget. Too tight budget might prevent me from buying things that can make me happy. On the other hand, too loose budget can mean that I am going to spend more money than I should. It takes practice to find the balance between two types of budgets, but once you already find it, you can be happy that you achieved something in life.
I am aware that some people feel overwhelmed with their new budget. They want to follow it, but they do not always succeed. If you just planned your first budget, do not worry if you fail to follow it. Give yourself some time. You will need to get used to it first. It might take you some time. You might need to get used to the fact that you are not able to afford some things you were able to afford in the past. This might be a shocking experience, but it is definitely worth the effort. If you have problems following your budget to the letter, ask somebody for help with the task.