Oops, you did it again
The problem with spending plans—whether you have an official budget or not—is that they don't swing with real life demands.
You planned to spend $300 on groceries this month… but friends were visiting and you spent $400. You budgeted $100 for a wedding gift, but found the perfect present for $125.
How do you flex your budget without breaking the bank? Some rules:
- Throw a curveball. Always save a little extra each month into a curveball account. Aim to save 5% to 10% of your income. If that's too steep, do a regular savings sweep.
- Be a borrower. Think like the federal government: If you overspent on groceries by $100, postpone pampering or downsize the vice department to balance cashflow.
- Unspend. No Spend Days are powerful budget-balancing tools. By simply not spending one day a week, you give yourself more wiggle room in other areas.
- Cancel. You've heard it a mazillion times: cancel cable, cancel this, cancel that. Well?
How do you flex your budget, but keep things on track? Or not? Add your two cents to the conversation.
Got Weddings to Attend?
Are there polite ways to ease the cost of being a wedding guest? Email us at [email protected].