Creating a budget is a process that takes time. It is in this process that you discover how youʻve been handling your relationship with money. Lots of emotions can be conjured up during this process, such as contentment, worry, disbelief, excitement, and the list goes on. These emotions are completely normal. Take those emotions and use them as fuel to continue on your financial journey. Remember any negative feelings and commit yourself to change your relationship with money so that you never have to feel that way again. Take those positive emotions and run with them and keep your focus on your financial goals.
Now that youʻve created a budget, you are a step closer to easing any financial worries and on the path to Financial Wellness. Now you must bring action to that budget and bring it to life. This is probably the most difficult for some families. However, if you donʻt actually FOLLOW your budget that you created, then your budget is merely numbers and letters on a piece of paper.
Many articles and books that discuss budgets, leave off at
Step 5: Assigning Budget Amounts and just send you along your way. However, I know from first hand that telling your money where to go through a budget is only part of the equation. You now have to tell your money WHEN to go.
We live in a society where a lot of families are living paycheck to paycheck. I used to find myself pretty much counting down the days to the next payday, practically the day after I just got paid. Does this sound familiar to anyone? If so, Iʻm going to continue sharing easy manageable steps, except this time it will be on how to actually follow your budget. This will include scheduling your budget and reconciling your budget.
Next Blog Topic: Scheduling Your Budget
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