This week was quite the eye opener for me in my 30-day budgeting challenge. However, the little steps I have been taking in order to cut down and create some guidelines have been helping. It has been tempting to slip off the challenge and just swipe my card without a second thought, but I am committed to this challenge and will not be a quitter!
Here are this week’s tips for keeping on a budget:
Tracking my money the past week has made me downright ashamed of myself. I can actually see where every dollar I earn is going and guess what? It’s going out the door….and quickly. I ran across this article on Refinery29 about the little miscellaneous purchases and how they end up costing you hundreds (or thousands) of dollars. I couldn’t relate more. By the time I add up the Starbucks lattes, the Cosi salads, and occasional happy hour drinks – well that’s a lot of money missing from my account. Negating these small purchases from my daily spending has already helped me save hundreds for the month.
The truth of the matter is that in this economy, it’s not easy to save. In fact, people are lucky to have enough money at the end of the month to cover all of their bills, so saving has become less and less of a priority. However, we cannot let saving fall to the bottom of the list. I never used to save money, and I mean never. When I was younger I made certain that every penny I made went somewhere; whether it was to a bill, to the movies, or to an unnecessary purchase at MAC, my money was always leaving the bank. The difference between then and now is that now, my wants are much different, and much bigger. I want to be able to buy a house someday and travel to Morocco at some point and the best way for me to do these things is by saving. I find that sitting down and figuring out what your big goals are, helps you work even harder to stash away that extra money each month.
Photo Credit: Pinterest; Photo Edits: RachelInFlightPin It