How Much You Budget What You Have Makes a Difference

How much you budget what you have makes a difference

I have had several people online contact me and say, “I never thought I needed a budget, much less a guerrilla budget” Most of them feel that budgets are for those who have a lot of money. But, I am here to say, it does not matter how much you have, it’s how much you budget what you have. Rich people go broke all the time for the same reasons poor people go broke. In my opinion, they both spend to much money for their income. Budgeting is a skill, the more you practice it the better you will get at it. So, start now, and perfect your budgeting skills.

How Much You ‘Budget What You Have’ Will Make a Difference by:


Saving Money

Budgets save you money in many ways. First, it encourages you to put savings in your budget I encourage those who don’t have much money to start with “the jar”. Place loose change in a jar once a week. Then go on to the second jar which is the dollar jar. You will place a few dollars in the dollar jar a week or every two weeks. This will give you more of a cushion than the coins if something goes awry in your budget, like running out of food or needed extra gas. This will help to keep your budget in tack. After your jars are full, open a savings account, then later, start automatic deduction from your payroll or checking account to your savings.

Controlling Behavior

A budget controls your behavior by preventing you from randomly pulling out a credit card or spending on things you don’t need. When you pass the dress or shoe store your budget sense will tell you to keep going because those things are not in your budget. When you get an email from a clothing store you purchased from in the past, your budget will tell you to delete the email, there is no reason to open it.

Ladies for peace of mind when you buy a car you must understand the rules.

Reducing Clutter

This may seem like common sense, but many people spend excessively and don’t realize it until there is so much clutter they can’t find a place to put their buys, or a place to use it. It is only then, that many realize they are developing a hoarding personality. Creating a budget. and sticking to it will help tremendously to prevent over-buying, the fear  of hoarding and busting your budget, will encourage you to budget what you have.

Budgeting is not taught in most schools, many of your parents do not have a budgeting sense, so it is important to get it from other resources.Start with
my Car Buying Course for Women.

Lois Center-Shabazz | Course Delta Agency
Personal Finance: Author, Blogger, Course Creator, Money Strategist

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About MsFinancialSavvy

Lois Center-Shabazz is an award-winning author and winner of the Pinnacle Book Achievement award for personal finance. She is a Personal Finance Blogger, Course Creator and Money Strategist, who is also a successful Mutual Fund Investor. Click "Let's Chat" in the top toolbar and schedule a meeting with Lois to discover your top level personal finance abilities.

3 comments on “How Much You Budget What You Have Makes a Difference

  1. Reducing clutter! This should be one of my top reasons to budget better. I’m slowly getting better. Finally cancelled all the monthly boxes except my absolute favorites. Baby steps.

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