You worked hard on making your budget. All the tears that went into planning your money for next month. It finally looks perfect and ready to be set in motion.
You go about your month spending according to your budget and maybe you fudged a little here and there, but overall everything seems to have worked well.
That’s until you sit down to reconcile the budget at the end of the month.
Well, not exactly. According to days.to it’s only been 99 days, 1 hours, and 30 minutes (as of this writing) since January 1st. But it’s okay, cause I’m technically still good for week 15.
Has this happened to you?
You know you should be saving money, and you know that the best way to be a consistent saver is to make it automatic. Yet, setting up an automatic savings plan takes a lot of planning.
How much can you make automatic so that you’re not overdrawn by accident? And what about the months that you don’t get paid as much? You’ll have to go back and postpone or turn off the automatic withdrawal.
And what about when you finally get extra money, or your income goes back to normal, you have to REMEMBER to go into your account and turn it back on.
Frustrating! Doesn’t all this planning, reminders, and back and forths defeat the whole purpose of having an “automatic” savings plan?
I thought this was a hopeless situation that I just had to deal with every month. I told myself savings was hard but it’s the right thing to do. I drudgingly accepted my fate. That was until I found Digit.
Your grocery bill is one of the few items on your personal budget that can be modified.
Grocery shopping on a budget is a challenge for anyone (single or family) and the grocery needs of a family will be different from that of a single person.
Before I made my journey from Consumer to Saver, I was spending around $600-$800 a month on food – just for me! I’ve managed to keep my bill down to about $300 a month using these steps.
On the first day of the new year, 2016, I sat down to review my December budget. Four hours later, I ended up reviewing my spending, income, and savings for each month of the entire year of 2015. It was depressing.
Of the last 12 months, only 3 were months that I didn’t spend past my income – and those months were the ones where I either had a tax return or was away on training. All other normal months were full of overspending.