Most people don’t like budgeting because it’s tedious, time consuming, and more so it connotes something negative. Like when you say I’m on a diet, it is as always equal to starving yourself. Or when you say I’m on a tight budget, it is as always equal to depriving yourself of the good life. And we hate it. We hate to punish ourselves. We normally reward ourselves for a good day’s job, and such hardwork deserves nothing but the best… great food, new clothes, fancy gadgets, and a new car. But, who says budgeting is negative? This is a classic example of viewing a glass either half full or half empty. You decide how you see things.
Most people fail to stick to a budget because they fail to pay themselves first. They fail to SAVE first. Trust me, if you’ll spend first, you’ll never have enough money to save. Similarly, you will never have enough money to spend either.
When you budget, people often think that they have less to spend. They think that they dont have enough money to spend, which makes the experience negative. For me, I think otherwise. Regularly, I keep 45% of my Take Home Pay for SAVINGS (you know yourself better, the percentage may vary, but keep it costant). My way of paying myself first. Money which I keep in a separate SAVINGS ACCOUNT for investing, when the right opportunity comes. Let’s just say, it’s my biggest expense.
Then, what happens to the remaining 55%? I SPEND IT. I pay my bills, I pay my rent, I pay for amortization, I buy things I like — things I need, and things I want. I spend it to my hearts content. Then when i reach the finish line, it’s over. Do I tap to my savings account if I want to buy more? NO. How can I tap on something already spent? (as I consider savings as an expense).
Trick your mind. Reward yourself with an automatic Savings. And reward yourself, by spending all the remaining amount to your hearts content. This way, you’ll see budgeting in a whole new perspective.
Posted by artgamolo 
