We’re lucky living in such comfort that travel is regularly possible. But this doesn’t mean that it’s easy to afford.
The most effective tool to manage our money is the daily log linked to our budget.
For years I’d been thinking, this can’t be that simple. There must be something magical, or the very least, complex approach, for those who are better at managing their money. I’d always spend everything I earned. I had no problem spending very little when I earned very little but I’d always have trouble knowing what I actually spent my money on.
It was this “unknown” factor that finally pushed me fora change. I hated the not knowing. I researched home budgeting, personal money management, the Japanese kakeibo, and used those tips to create a system that works for me.
I tested it both at home, and during travel, and the discipline it forces on me had a lot of benefits:
- Saving money for later is one of the first things I do now. It’s high priority so it’s more important than eating out.
- Managing cash is easier by setting limits for every week.
- I can follow my credit card spending more closely which has always been a huge temptation.
- Analysing my expense logs show where my weaknesses are. (Online shopping, in case you were wondering!)
- Saying no is easier when I can remind myself of my prionties.
I’m still learning about managing money but it’s great to see the savings growing, the bills paid online, the overdraft unused. The benefits of adulting!
What are your best tips for budgeting?
This post is part of the A to Z challenge of 2018. Check out the wonderful posters with #atozchallenge and #blogchattera2z. Thank you for stopping by.
I’m also on a writing adventure on my other blog, Pieces of Soul. Come by to be part of my interactive story!