This week’s featured Pin is:
Ten Things You Need
to Know About Budgeting
1.
Everyone
should do it. Budgets are needed at
all different income levels. Tracking how much you spend helps you make more
informed decisions.
2.
Know what
triggers your spending. When you
recognize what is causing you to spend more money, it is easier for you to
stop.
3.
You can
still have fun. Just because you are
being careful with your money does not mean you can’t have fun! Just make sure you’re allocating only as much
as your budget allows.
4.
Stop sales
emails from stores. It is much
easier to avoid spending money on handbags when you don’t get the emails announcing
their 10% discount.
5.
You spend
more money on grocery shopping when you are hungry. Eat a snack before you shop!
6.
Review
your bills before paying. Make
sure you know what you’re paying for.
Make sure they don’t sneak in things you’re unaware of.
7.
Expect
the unexpected. It’s necessary to
allow cushion in your budget to pay for unexpected expenses. An emergency fund is crucial! Aim for enough to take care of 3 to 6 months
of expenses.
8.
If you
fall off track one month, get back on the next. If you spend more than budgeted one month,
don’t get discouraged and give up. Spend
less the next month or reevaluate your budget allowances. Make necessary adjustments and don’t give up!
9.
Helping
yourself will help your children. Your
children learn by watching you. Help
instill good spending habits in your children.
10.
Really think about big purchases before you
make them. Don’t rush into
anything! This will also help to prevent
buyer’s remorse when you get home.
Stay tuned for next week’s pin! Also, check out our boards
on Pinterest!
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