Do you find yourself feeling like your budget just doesn’t work? Is there always something that throws you off each month?
If your answer is “yes” or “sometimes”, you may be overlooking some key things that have a direct impact on whether your budget works for your or not!
Here are 3 big ones:
- You don’t include all of your expenses in your budget: This is a big area of oversight for so many people especially when it comes to small expenses. The trouble is those small expenses can add up to a big deal and can totally derail your budget.Take a look at our list of to ensure your budget isn’t missing any of your recurring expenses that can throw you off.
- You are using the same budget every single month: Using the same budget every single is another big mistake people make and this is because no two months are exactly the same. There might be one time expenses you need to factor into your budget for a particular month so you can plan your finances accordingly to keep your budget on track.Take a few minutes before each new month to think through any upcoming one time expenses you need to add to your budget.
- You don’t factor in your fun/guilt-free money: A budget is not all about planning. it can be about fun too. And giving yourself a little breathing room in your budget for guilt-free spending (that doesn’t derail your goals) will keep you motivated to keep pushing towards your goals.It could be for a daily or weekly coffee treat, eating out a couple times a month, or for self-care. Don’t forget to build some fun into your budget!