Welcome to Day 3 of the Money Management course!
Today, we will cover how to balance living today and planning for the future.
What does that mean?
Simply put, life requires balance.
Living in the moment should be a priority. It’s an important step in finding happiness.
That being said, living today shouldn’t be at the expense of tomorrow. A lack of balance between today and tomorrow will leave you stressed out; unable to enjoy life to its fullest. If you’ve racked up your credit card, you know exactly what I mean.
So what do I do?
Planning for the future is really a matter of saying goodbye to debt and hello to savings.
We’ll cover savings tomorrow.
Today, the focus is on balancing out your life. That means living within your means today so you don’t sacrifice on tomorrow.
If you haven’t caught my drift yet, I’m talking about the ultimate personal finance balancing tool; a budget!
I know, budgets are boring but bear with me!
If you answered “Yes” to ANY of the above, well then my friend, you need a budget.
You’ll be able to better manage your expenses and have more money left over after each paycheck.
Budget are only boring when you make them from scratch. Doing so requires a lot of planning and can be time consuming.
Luckily, I’ve done the hard part for you!
The Budget Builder workbook is the perfect resource to help refocus your finances and take control of your money. The best part is, it only takes about 5 minutes to complete! All you need is your monthly income. The workbook calculates everything else for you!
By clicking the above link, the workbook will automatically download to your computer. If you don’t see it, check your downloads.
Don’t forget to constantly monitor where you stand. How much you spent during the month compared to what you should have spent (based on your completed Budget Builder workbook).
Stay positive! Paying off debt won’t happen overnight. Be determined and patient.
Each time you pay down, congratulate yourself for your hard work. You might still be 5 bills behind but that’s a big improvement from 7 bills behind the month before.
Tomorrow we’ll cover how you can start saving without even knowing it.