It’s officially 2014; a new year with new opportunities, new beginnings, and a new budget.
Okay, so one of those things isn’t quite as exciting as the others. Money management is a part of growing up that I think we’d all rather avoid. I mean, let’s be honest, who actually enjoys budgeting? Not I. But it’s essential and I’ve found that it makes my life a whole lot less stressful.
Remember in early 2013 when I did my Makin’ Bank Challenge? If you weren’t a reader back then, I highly encourage you to take a quick look at those posts. Over the course of 30 days I kept track of all my spending and learned quite a bit about where my money was going. It was eye-opening, to say the least. The challenge left me more aware and conscious of my money and I loved that.
This year, I’ve decided to focus on 2014 as a whole. Instead of creating a 30 day budget, I want to make a lifestyle change that will last me all 365 days…and the rest of my life, for that matter.
I sat down yesterday and figured out my monthly expenses vs. my monthly income. I spent a lot of extra money over the holiday season (naturally) so now it’s time for me to get back on track. I wish there was a magic formula that would make budgeting easier but it all comes down to one thing:
Increase Income // Decrease Spending
Obviously that’s easier said than done- particularly increasing income. But those are my overall goals for 2014. I’m going to start small; picking up extra shifts, cutting back on my Starbucks addiction, not shopping quite so often, etc. and then I’ll take things from there. I truly believe that small changes make the biggest difference and that’s especially true when it comes to finances.
Growing up sure is fun, isn’t it? Le sigh.
Here’s to bringing home the [tempeh] bacon…