Personal Finance

Budget, for many it’s a forbidden word. You mention a budget and the mental images of beans and rice and pain start. Budgets don’t mean sacrifice. When you start a budget, it is the opposite. Budgets bring clarity and security to your life.

Budgeting doesn’t have to be scary or forbidden. I’ve compiled a few tips to help you start a budget.

* This post contains affiliate link(s). This means I may earn advertising/referral fees if you make a purchase using the link with no extra cost to you! Thank you for your support*

How to Start a Budget, When You Don't Know Where to Start. It doesn't have to be painful. www.tweetys.life #budget #budgeting #savingmoney

Start a budget by writing down your necessary expenses

Starbucks and Netflix aren’t included in your necessary expenses. Necessary expenses consist of rent/mortgage, transportation costs, food costs, costs related to maintaining your income.

Necessary expenses are the things you need to keep food, shelter, and safety.

My current necessary expenses follow:

This is my current active budget so I’ve clipped off the dollar amounts. I use YNAB for budgeting (in case you were wondering).

Currently, I split my budget out in with mandatory expenses separated from flexible expenses. This lets me know what to do if money is tight for a month.

Continue Reading

When you are employed by a stable entity, you forget the importance of an emergency fund. Layoffs are rare, furloughs are few and far between…somewhat. You know that next paycheck is on its way. You get pretty complacent. When you are paying off debt, you might not feel like there’s room to build an emergency […]

Continue Reading

So if your reading this post your probably like me and you have a lot of debt. I’m working to pay off a boatload of debt and it’s not fun. No matter how many articles you read debt payoff is never fun but you can make it easier with a plan. What’s that famous quote, […]

Continue Reading

So I’m in a lot of debt. Like it’s one of those numbers that keep you up at night. Like I could have bought a small condo for this debt but instead, I have my degree. Luckily I have a good job with good benefits and all of that lovely stuff. I qualify for PSLF […]

Continue Reading

After recent time off, it’s time to go back to the 9 to 5. I used this time for rest and recovery. Usually, I use my off time to take a vacation or go to a beach but this wasn’t that type of time off. This time off was highly political and I’m not touching […]

Continue Reading