This article is the introduction to a multiple part financial planning series called How to Make a Budget (the unboring way).
I’m dropping the B-word today. BUDGET! There, I said it. It’s funny how this simple 6 letter word has the power to strike fear into the hearts of some and cause serious indigestion for others. If your heart is fluttering and your stomach just lurched, then you’re not alone.
Despite it’s reputation for being boring, time consuming, and out-right tedious, creating a budget can actually be a liberating experience. Now, I’m not squawking about the kind of liberation where you’re running around naked with millions of dollars flying around you. Yeah, that’s my dream too. Sigh.
But seriously, keeping on track with a budget can show you where your money goes and help you plan for life’s expenses — whether you’re saving for a home, buying a car, going on vacation, saving for school, getting out of debt, starting an emergency fund, or just finding ways to save money. Whew!
It was, after all, through expense tracking and financial budgeting that I managed to pay off my student loan in six months and start investing in exchange-traded funds — how’s that for financial freedom?
A simple budget can also help you reach your financial goals sooner with less stress and worry.
About the How to Make a Budget Series
I want to make budget planning fun by squawkifying the process in a useful way. I would love for you to experience the many financial benefits from keeping track of your money. It is your money, after all. I want the “budget word” to cease being a 6 letter monstrosity by demystifying the process and making it simple to follow.
What is a budget? Simply, a budget is a financial plan for tracking the flow of money into and out of your life. The idea is to find the sneaky money outflows, plug the lucrative leaks, and save more of the inflowing cash for the stuff the really matters in your life. A budget will also expose the spending habits you’re not aware of and help you to better plan where to spend your money.
The How to Make a Budget series can help you to:
- Learn how to set up a budget
- Find your net worth
- Set financial goals, define your needs, know your wants
- Start expense tracking and track household expenses
- Get tips on budgeting for any income
- Make a household budget
- Download free budget worksheets and budgeting spreadsheets
- Benefit from budget planning tools
- Discover financial budgeting software
- …and have fun with it!
If you have read my previous resume series, then you know I put A LOT of time and effort into making each and every post packed with helpful, funny, and very approachable content. In similar squawky fashion, the How to Make a Budget series will run over the course of a few weeks and offer many budgeting tools, financial planning tricks, and some serious budget worksheets to get you on the right financial track. I am very excited about this budget series, and I hope you are too.
Your Two Cents: Have you ever tried budgeting? Were you successful or do you have a budget beef?