Today is the first day of the month.Â We got a raise AND Iâ€™m making more money writing.Â It would be easy to say â€œwhy worry about a budget â€“ we have plentyâ€ or to add lots of new items to our budget.Â Instead, Iâ€™m determined that we will stick to our original budget and move the savings into an account all its own.
1.Â Â Â Â Â I will write down every penny we spend. Â I bought a ledger to be able to keep up with all the monthly expenses by category.Â I have already marked in that ledger what is allotted for things like groceries, gas, etc.Â Every time a check gets written or a card gets swiped, I will record it in that ledger.Â You canâ€™t save money if you arenâ€™t aware of what you are spending and where you are spending it.
2.Â Â Â Â Â I wonâ€™t spend money that isnâ€™t in the budget.Â That means that if I run out of grocery money then I have to make do with what is in the pantry (itâ€™s not like the pantry is any where close to empty).Â If I see the perfect shirt on sale, it will have to wait.Â I donâ€™t have money in the budget this month for mommy clothes.Â If I donâ€™t feel like cooking â€“ tough.Â Iâ€™ve laid out a menu for the month and there is no excuse for not putting the food on the table.
3.Â Â Â Â Â I will put the extra in a savings account.Â I always SAY Iâ€™m going to save, but if I leave it in the general fund then Iâ€™m generally going to use it.Â Today I am going to open an account specifically for this money.
4.Â Â Â Â Â I will continue to push my writing so that more money continues to come in.Â My goal is that I will be earning the same paycheck as my husband.Â If we continue to set all that money aside then we will be in a position to pay off our mortgage in the blink of an eye.
5.Â Â Â Â Â I will set aside certain funds from my writing for my writing.Â Anyone who works from home knows there are expenses that will come up.Â I have determined that all money I make from print work will go specifically into my writing account.Â That way any expenses I incur I can pay.
Our budget doesnâ€™t have to expand just because our income expands.Â We have been living a good, comfortable life over the last year.Â Instead of throwing the new money away, I am going to work harder to make sure that money makes its way into savings.