It’s EASY for us to get sucked into the world that social media creates. Sometimes we think that in order for us to be “satisfied” with our lives, we have to live it up lavishly like everyone else. I can speak for myself, I think we have all scrolled on Instagram and pondered on, “How on earth is this person THAT successful?”
NEWS FLASH- Sometimes it’s JUST for the media!
We all have our daily struggles, and one that I have a difficult time with is maintaining my study schedule. Alice (my 4 month old) doesn’t typically like me to have a set schedule so she takes it upon herself to switch up her sleep times which throws off all my studying. And on that note, some of us will struggle with finances and how to manage them. My first real experience of how to manage my finances was when I leased an apartment at the age of 16. (Yes, this was completely illegal at the time, but quite grateful for the man that gave me a chance because he saw my potential). Rent was 400 a month (for an efficiency years ago people) plus utilities, and groceries of course. All I did was go to school, and work at Sonic at the time ( I don’t want to recall those Sonic times).
What helped me stay on budget and keep track of all my bills at that age?
I KEPT A LIST!
SO HERE WE GO:
- Write a list of all your bills.
- Write down the amount of income you bring in every month (excluding anything that you are not sure you’re going to get such as child support).
- Review the list of your bills and see what is a NECESSITY and what is a WANT. Can you do without the want and save about 150 or so a month for it? -Cool then eliminate it off of your list of bills.
- Think about it like this, if you eliminate ONE bills (for example the $150) you could potentially put in your savings about $1,800 in just 1 year! Now tell me we all don’t need savings for those emergency situations?! Before Alice was born we had an unexpected accident which caused us to dig into our savings and give a $1,000 deductible to the car collision center. GRRRR, I was so upset, but grateful that we had the money available rather than having to pull out a credit card.
- Besides, who REALLY needs cable when we have Netflix, Hulu, Funimation (that my husband loves), SLING TV, and etc. because I know the list goes on and on. You’re easily spending about $12/month which is definitely a better bargain when you KNOW you hardly get to watch TV since you’re out and about all day!
Continuing to build on your savings and setting aside for other activities you would like to do such as a vacation, is preparing you for a mindset of saving for your future HOME! My husband and I have decided that once things get on track as I know they will because God is good that way, we will begin saving again for our home. Our goal is to have a good percentage saved to get that dream home we desire.
My point is, it’s okay to not live that “lavish” lifestyle for now, so you can save NOW for the lifestyle you want in your future, with a HOME and savings in your bank. Re-evaluate what you spend your money on, what you can tweak, and begin SAVING!
Do you have any other tips on how to save money? I would love to know! Weigh in and drop your thoughts for me. Until Next Time!