For so many people, the word BUDGET is the worst word in the English language. It is a taboo word, a bad word. “I don’t need to budget” is one of the biggest lies you tell yourself and others. It is one that will directly affect your quality of life and your activities of daily living. This is something that needs to change for you. I know, change is difficult, but it is far from impossible. You start with a choice. First you choose and commit to your choice then the rest will follow.
1 To keep track of your money
Not keeping track of your money is letting your money have control instead of you having control. Take back control of your money and your life. You need to know what your money is doing. It is not much different then knowing where your child is located, who your teenager is hanging out with, and other areas in your life where you are able to be in control.
2 To have visible goals in front of you with a timeline
Being able to see where you are and where you want or need to go is the best way to get there. Each and every time you look at your budget you will be reminded of what you are trying to achieve. You will see how far you need to go to get there. I found this very helpful in keeping me on task and achieving freedom from al the debt I was dealing with. Unfortunately, once I got it all paid off, I stopped budgeting. This was a big mistake on my part. I eventually went back into debt and I am now back on task with controlling my money for good this time.
3 To have a realistic view of how much money you actually have
No, you actually can’t afford those shoes, you would know this because you are using a budget. Instead of getting excited about these most adorable shoes that you just have to have because your entire life depends on them, sigh, and using your credit card to purchase them, eye roll, you would take a minute and realize that by using your credit card you are actually harming yourself and that it isn’t good because you are willingly, happily, stupidly giving a piece of your peace away.
4 To be in control
When you don’t know where all of your money went so fast just after getting paid then you are not in control. When you pull out the credit card and make a purchase then you are not in control. You are not in control of your life nor are you in control of your money. Your boss, your job, your circumstances are controlling you and you are letting it happen. You are the one that allows the outside forces in your life control your life. You need to take back control. Your boss can force you to work and do whatever they want you to do at work because they can take away your source of income. You need to get free of this type of relationship where you are not in control of your own life. From experience I can tell you that it feels truly awful for your boss to look at you and say “do you want your paycheck” when you asked if you could leave early one day for something special that you wanted to attend and you wanted to be on time for that event. Power and control is the ultimate reason for you to budget. When your workplace is aware that they need you more than you need them it is a whole different experience in life. I soon left that job for another one but it was a stark reminder that I had yet to gain the control that I really needed in my life. It was a turning point for me. I know right at that moment that I needed to leave that job and that i would never feel the same about that place that I actually once enjoyed working at.
5 Because not using a budget hasn’t really been working out for you
If what you have been doing was working for you then you wouldn’t be so miserable. Unless of course you actually like being miserable then by all means, go ahead. I will not stand in your way of your daily quest to be unhappy and broke. The choice is really yours to make. I cannot live your life for you and I certainly can’t take all of your problems away. You have to do it. You have to do the work and you will be the one to reap the benefits of that work. Although money management is quite a simple process it can be challenging to put into practice. You can make it easier on yourself with your mindset. Start with controlling your choices on what you are doing with your money then you will be able to control all the other choices you have in life.
You are making a choice about your life every day. You are the one that chooses to go to work day in and day out. You are the one on the hamster wheel. You are the only one that can get yourself off of the hamster wheel. Maybe you love your job and that is fantastic for you but do you love being broke. Outside of your job are you living the quality of life that you really desire? You can be honest with yourself and you can climb out of this hole you are in. There is not only hope and a prayer, there is a promise. If I can do it, anybody can. So, stop saying “I Can’t” and start saying “I CAN” because either way you are absolutely right. Set your goal and use a budget to help with that achievement. I know you can do it and you do too.