Create more, spend less, and waste nothing.
Spending Challenges, Budget Challenges or No-spend Challenges. You see them all over the internet and on finance, budget, or frugal living content. I’m not into them. I 1000% beleive in having a busget and sticking to it, but the restrictive challenges are a no-go for me. I can see them having a place if you […]
According to the Bureau of Labor Statistics, the cost of food (at home) is up 10.8% as of April 2022, and with overall prices up over 8%, it’s no wonder many of us are looking for ways to pinch those pennies. Done correctly, buying in bulk can save the average consumer about 25% and can […]
According to a CNBC survey done in January 2020, 41% of Americans couldn’t cover a $1,000 emergency.
Don’t panic, just make a plan.
We went from being aggressive savers for big goals like our first home, to those who save to protect our finances. That might reflect in what moves we were able to make, but I hope this is is just a source of inspiration for whatever boat you may find yourself in.
I could never shop at Costco when I lived in the city because where was I supposed to keep 30 rolls of toilet paper?
Don’t get me wrong, it’s amazing that I can get groceries delivered in under an hour and pretty much any food I could dream delivered, but it all comes at a cost.
One of the hardest and most confusing parts about budgeting is really not knowing what your budget SHOULD look like. Truth is that there are no hard and fast rules because, ultimately, your budget is what you want it to be (for better or worse.) That being said, there are some guidelines to help you get started if you are on the path to a balanced budget.
Unfortunately, your paycheck doesn’t just get bigger when you have a big expense due. You have to make the plan (aka the budget) to prepare for those months when your expenses might be bigger than your income. Sinking funds are a way to strategically put aside money in your budget for larger expected and unexpected costs.
Over time you have built up a freezer full of ready to reheat meals great for busy nights.
This budget style finally gave my money a job to do and I know what it will be doing for years to come.