If you find budgeting overwhelming or challenging, you’re not alone. Here are fifteen reasons you could be struggling to strike a balance with your finances.
You Aren’t Budgeting Fun
Budgeting only feels like a drag if you aren’t putting money toward having fun. Don’t forget that you want to budget for all your expenses, including the fun stuff!
You Aren’t Being Flexible
It’s essential to stick to a budget. But if you’re having difficulty with yours, you might need to be more flexible, especially if the budget is new.
You Aren’t Being Realistic
Giving yourself $25 for fun isn’t exactly being realistic about what you could or even should spend on entertainment. Being realistic goes both ways, so budget for what makes sense for your life in every aspect.
You Have Holes in Your Budget
A reasonable budget should be complete. If you’re having difficulty sticking to yours, check to ensure expenses aren’t slipping through the cracks.
Your Income Is Variable; Your Budget Isn’t
Don’t adhere to a budget that doesn’t work for your lifestyle. If you’re one of the many people with a variable income, you’re probably better off making monthly budgets that reflect that.
You Have Hang-Ups About Money
Money can carry a lot of emotional weight for some people, and budgeting can trigger these emotions. Be honest about how you feel about money, and acknowledge that this won’t always be easy; that’s okay!
Your Budget Isn’t Specific Enough
The more specific you are with your budget, the easier it will be to follow. Don’t leave any room for ambiguity.
Your Motivation Is Backfiring
Many people love the idea of budgeting. But they come up short when they get into the reality of what sticking to one looks like. Motivation is good, but consistency is better!
You’re Not Sure Why You’re Budgeting
Without a clear goal, it just makes sense that you’d find it hard to have a reason to budget. Be clear and intentional with your finances to avoid this.
You’re Living Beyond Your Means
You can’t stick to a budget that doesn’t make sense, including those that say you can afford things you clearly can’t.
You’re Feeling Hopeless
If you haven’t seen much change since you’ve started budgeting, then it’s easy to quit on yourself. But don’t give up! Give your budget time to work for you, and adjust whenever needed.
You Don’t Have Support
Budgeting alone is a lot harder than working with others. Even if you’re a one-person household, recruit a friend to help you stay accountable and maybe even budget with you!
You’re Struggling With Impulse Spending
It’s not easy to stick to a budget when you’re constantly buying things; do your best to only spend what you have the budget for.
You’re Stressed About Money
Money is a significant stressor for many people. And sometimes, that stress can prevent them from budgeting or managing their money. Remember that budgeting is a way to eliminate stress and that knowing where your money is going is a way to keep you in control.
You Haven’t Found a System
Some people prefer writing their budgets down, others love a spreadsheet, and smartphone apps are more popular still. If budgeting is challenging for you, it might be how you do it, so try a new approach first.
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Grandkids sometimes think that they know everything and that their grandparents are out of touch with today’s world and reality. And while there might be a kernel of truth to that, grandparents still have a wealth of knowledge that can really help. They may need to be tweaked to fit the current world but they are still valuable.
20 Frugal Tips From the “Grandparents Generation” That Still Apply Today
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Here are 30 ways to save money at home and put more in your pocket.
30 Super Simple Ways To Save Money at Home in 2024
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20 Poor Hacks Frugal People Use on a Fairly Regular Basis
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Think of it as a side hustle that pays off without the extra hours. Whether you’re looking to conquer debt or simply boost your bank account, these tips are guaranteed to put more money in your pocket, painlessly.
28 Practical Ways Frugal People Save Lots of Money
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Here are some of my absolute favorite frugal tips to help you get started on your journey to frugal living.
I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money