How much money did you invest in yourself last month? It is a tricky question because we pay what we need and want throughout the month without giving much thought to it. If we don’t give much thought to what we are actually paying chances are that a lot of money that could’ve been invested in yourself is wasted. This is the reason why every person should have a money plan, why waste our money when we instead could spend it on making ourselves happier on a deeper level.
We plan our future, we plan what to wear, we plan what to cook. We can make plans for everything to make sure we are on track, save time or just because we think that it’s fun. Do we also have a plan for our money? I mentioned last week that without a plan anything can happen and this can be exciting while living our life, but it is not so exciting when it comes to our money.
Better late than never is a phrase I use a bit too often in life and last week I finally took the time to sit down and fill in my own budget of the year. Yes, I know, it’s 4,5 months late to start. The point is that even if it’s a bit late to start you will still get several great benefits from filling in the previous months and it’s not very time consuming either, it took me less than 1 hour. With your budget in place you can then start to control your personal finances for the upcoming months.
Tomorrow is a new month so let’s do a money management challenge, the April envelope challenge! This is perfect if you feel a bit stuck with your personal finances, if budgeting just isn’t that much fun or if you want some change and excitement in your financial life.
Have you ever felt the excitement at the end of the month when you are calculating all the numbers you’ve filled in your budget, to finally find out how much you managed to save this month!? Probably not. Not a lot of people find it as exciting as I do, but I can assure you, it is a lot of fun! But maybe you have already tried out budgeting and still find it boring. I get it, everyone has different interests, likes and dislikes, and I hate to break it to you but whether you like it or not you need a budget, just like you need to brush your teeth or do your laundry. Otherwise you will suffer the consequences, some more sever than others.