Welcome to Week 13 of the 52 weeks to a better you journey.
Hi everyone!! I am so glad you are here for the next baby step in our journey. Has this been an easy or difficult journey for you? I would have to say that it is a mix for me. Some baby steps are easier than others.
But what if you are one of those people who is having trouble overall?
I completely get that. Life gets in the way of good intentions sometimes, doesn’t it?
I want to encourage you not to give up. If you can only do a handful of the baby steps, that’s okay.
Maybe you are struggling to keep up with just one. That’s okay too.
Just don’t give up okay?
Today is a new day. Begin again. Restart your baby steps.
You can do this you know. We can do this!
Alright, enough of the cheerleading from me. 🙂 Let’s dive into this week’s baby step.
Make a budget
One of the ways that we can get ourselves into trouble with money is that we can overspend without even realizing it.
Yes, even you savers can do that. 😉
A good way to keep you from overspending is to determine where all of your money is going. So we make a budget. I think this is so important that my very first blog post on Raney’s Revelations was about why you should make a budget.
I’m not going to go into too much detail here about how to make a budget. There are lots of places that you can go to for the how-to’s. Although maybe I will do a post about that at a later if you’d like.
Your budget can be as detailed or general as you want it. You can do it on paper or you can utilize technology.
To control your money, you need to know where it’s going.
Baby step for this week: Make a budget. If you already make a budget and stick to it, I’m giving you a high five. Great job! If you know how to make a budget but don’t do it or don’t stick to it, here’s your opportunity to work on it. If you have never made a budget before, here are the basics:
- Write down your income (daily, weekly, monthly… you determine the time frame depending on how you get your income)
- List all of your MUST PAY expenses and subtract them from the income
- What you have left over at that point is what you pay other expenses with
- Anything left over at that point is your spending money
- Note: Make sure that you are putting your savings money (see this post for that baby step) into the MUST PAY expenses.
I do have a budget sheet available for free if you sign up for my newsletter. (Shameless plug)
What about you?
Do you make a budget?
Do you stick with your budget?
Share your journey with us!