Week 4 – May 28th, 2018
Last month I invited you to get your own values clear in your head before you start planning how to spend your money. This month it’s time to get your own spending limits clear in your head before you start spending. Why does that matter? Let me tell you a story.
It’s a story about me – an accidental (that part is another story) stay-at-home mum who had lots of time with her kids but very little money in her purse. In spite of my limited spending power I went ahead and spent. And then, to my great surprise, discovered half-way through the month that we had zilch left. I spent only on things we valued, things that were important to me and my family – there was nothing wrong with what I was spending money on. I bought in sales, shopped around for bargains, bought materials to make things myself… there was nothing wrong with where I spent my money. But there was a gap between what I wanted to spend our money on and the amount of money we actually had to spend. And our financial security was dropping down into that reality gap and disappearing every month.
Budgeting saved me and it can save you too but only if you get in there and do it at the start of every month. And only if you work with the real not the ideal – planning to spend what you have and not what you wish you had.
So this month I invite you to think about how to draw up a budget that fits your values but also fits your reality. In How To Budget, Part 2 you can learn how to spend in the real world not just in your ideal world. Good luck!
I will be back next week with a fresh Thrifty Habits Planner, some creative inspiration for free DIY projects and a recipe for Lemon And Poppy Seed Muffins.
Free, Downloadable Thrifty Habits Planner To Keep You On Track
So, you want to get into the habit of spending less without putting in more effort? You need something to remind you what to do and when, so you don’t have to keep thinking about it. The Thrifty Habits Planner is a simple tool to help you do just that. Use it to pencil in which thrifty things you plan to do this week and to pin yourself down to when you plan to do them. If you take control this way at the start of the week, you are far more likely to have stuck to your plan by the end of the week. Sticking your plan up somewhere you will see it every day helps you to stay on track too.
Take time at the end of the week to give yourself a little treat as a reward for your thrifty efforts. Little splurges will actually help you to stay thrifty – read this to find out how.