Budgets Can Work Both Ways

When I created my budget several months ago, I did so to limit my spending. I wanted to avoid spending too much money on clothing, groceries, entertainment, etc. By tracking it as the month progressed, I could see where I needed to cut back and where I was doing well.

I came to the point where I was comfortable with my budget, but there was still a huge problem. I was cutting back too much in categories I didn’t want to cut back on. I got so obsessed with saving that I wasn’t allotting myself enough money for certain things that I should have. One month I had a low grocery bill, so I responding by lowering my budget for groceries for the future. I was able to do it, but not with the quality of life I was looking for. I knew I could save more for the future, but I wasn’t happy with my present quality of life, so I looked for a way to fix my problem.

The Solution

Besides limiting spending, budgets can actually promote it, too. With my budget, I know I have $100 a month to spend on entertainment, and when I see on the 15th of the month I have only spent $20, I make sure to spend more on something that will make me happy, maybe by taking Lauren (my girlfriend) out to a movie, dinner, etc. I try not to waste it on impulse buys, but I want to make sure I’m enjoying myself rather than skimping out on the things that make me happy.

The same goes with groceries. Instead of trying to save too much, I make sure that I buy fruits and vegetables and get ingredients to make halfway decent dinners. Having just graduated college, I am used to pasta, bagels, rice, and potatoes as my main sources of protein (what? those foods aren’t full of protein!??), but now I am trying to enjoy a healthier lifestyle and that means dishing out a little more for quality food. I budgeted for it, I can afford it, so why not be healthy while still saving 50% of my pay?

How do you make sure to spend enough in categories that matter?

Budgets Can Work Both Ways

Sweating the Big Stuff

One thought on “Budgets Can Work Both Ways

Comments are closed.

Exit mobile version