“Life is 10% what happens to you and 90% how you react to it.”Charles R Swindoll
When I started this series, I made a promise to myself and to everyone that follows along, that I would be open and honest about both my failures and successes. So here is the truth. Timing is Everything.
The first few budgets I created have failed. Not because of the basic income to spending ratios or everyday
My bad habits: Grocery shopping without a plan, rewarding my kids without a budget, and my husband also had some habits like when he got gas, he had to get smokes. Other habits like binge-watching
It is great to create a budget. Which we will eventually get to, but lets take the time discover more about our habits that got us in this situation. Our overall goal is to create a system that works…Right?
There are so many sites and books out there that tell you to create a budget and a lot of them talk about evaluating your spending, explore your income, determine where you can make cutes. But! The only thing I haven’t read is discovering the WHY. Why do you spend more money on groceries? Why do we feel we need certain items? Why do we form these habits? Are you even aware of the habits you have created?
So, if you want your budget to be easy to stick to. If you want to not feel like you are punishing yourself every month. Then let’s dig into the WHY.
“You’ll never change your life until you change something you do daily. The secret of your success is found in your daily routine.”John C Maxwell
Phase 1 Step 1: Audit yourself
I know it sounds wrong when you are in a financial crisis to do nothing for a month. However, auditing both your personal time and your spending is very telling and will help you make permeant changes that will stick.
Yes, there are apps that can break down your spending habits. Even most banks do it these days. However, if you are using more than one card you are not getting the complete picture.
The other important factor is the splurge. In my case “Why did I need that extra $20.00 on groceries this week?” Did I really need it?”
Just so you know the answer was always NO. I just wanted it and it would be nice to have and eat.
Doing spending audit for a month will help you evaluate what habits you have developed over the years. And just like any habit you need to know about it before you can figure out the WHY before you can end the cycle.
The same concept comes into play when it comes to personal time. In order to be in control of your budget, you need to spend some time once a week reviewing, evaluating, redoing that budget. However, the one thing most people say is that they don’t have any extra time.
Sorry to say this but unless you are a parent who works 3 jobs and is going to school full time you have at least 30 minutes a week you can devote to reviewing your budget. How do I know this? Because I know a few people that are parents, who work 3 jobs, are going to school full time, and they have time to devote to their budgets.
That is why the time audit is so important. Yes, we all deserve some time for self-love and self-care… however, if you want to succeed with your budget, you need to devote some time to its success.
Financial Task this month is to Audit your time and spending
There another level to getting your shit straight that I think is over looked. Self-love.
When we get knocked down it is hard not to feel like a failure. It’s hard not to beat up yourself.
When I lost my job, followed by my daughter getting diagnosed with autism all I thought was I am a loser, I am disposable, I am a horrible mother, I must have done something wrong with my life for all this to be happening to me.
All those thoughts were lies!
However, I beat myself up weekly, daily, hourly. And when I did, I felt even worse, it was far from productive.
Then a year later and countless bottles of wine I can to the conclusion. At the end of the
Conclusion embrace your own craziness, your own insanity. These things are only true to you and no one else.
“Chains of habit are too light to be felt until they are too heavy to be broken.”Warren Buffett
Self-Task this month: Write down what makes you happy. Decide on a few things you can do this month just for you. These things can be reading a book, going for a walk, laying in a hammock, taking a drive, or even learn to ride a bike again.
You are amazing, you are awesome, you are uniquely you!