The Pit Falls Of Budgeting

I can remember just like it was yesterday when everyday living was much more simplistic. I would make routine trips to the store, knowing what I wanted, where it was located, and approximately what it would cost. You typically only had one or two brands back then to pick from. So, a lot of time wasn’t wasted on choosing one brand over the other. Over the years, industries have been born and companies expanded, creating many new products along the way. Today, you walk into your local Walmart Super Center and the isles are literally lined with many more products and multiple brand names. So many choices! So many decisions to make! Where do I even begin? In the past, everything was generally in one area and if it were located somewhere else it wasn’t far.

You didn’t have your everyday super store hanging on every block as they stand today. Throughout the past few decades, life has become much more complicated. “Got to pick up the boys from soccer practice, take the girls to cheerleading, do the grocery shopping, prepare their meals, pack their lunches, take the dog out to do its business, and for good measure, work two jobs”. There isn’t enough time in the day to examine every single product and their brand name. It would be nice if we all didn’t have to worry about organizing our day or even our time for that matter. It would be great to have an extra two, three, or even four hours added to the day. That would give us more time to do all the things that we would like to do. But the truth of the matter is we only have twenty four hours in one day and only seven days in a week. We can’t do all the things that we would like to do. Time is a precious thing and we cannot get it back. As an alternative, we have to prioritize our daily lives in such a way that we actually do find a little more time to do the things that are more important to us, like attending little Suzy’s  dance recital or Billy’s big soccer game. In order to organize our time and refocus our energy toward becoming more productive in our personal lives, there are various factors that we have to account for, such as developing certain habits that enable us to put a system in place to better manage time. And to better manage time, creating a budget is a great starting point toward meeting total independence from time restraints. I mean, don’t get me wrong, sometimes we just don’t have enough time in the day to fulfill our inner most desires. But for the sake of this article we’ll keep it simple and emphasize certain elements of budgeting, which will definitely simplify your life and free up some time to enjoy the things that really matter to you. So, let’s get started shall we.

When you hear the word budget, what comes to mind? Do you feel restricted? Don’t like being told how to manage your hard earned cash? You’re absolutely right! No one should have to tell you how to handle your own finances. Which brings me to this point; do you enjoy giving your money to the bank? That’s what happens when you borrow money by using loans and credit cards to purchase STUFF NOW, whether essential or nonessential. Have you ever imagined a life of total and absolute financial freedom? Tired of debt collectors hounding you continuously? Looking to break free from the chains of debt? It’s not going to be easy but I know you can do it! It’s going to take a lot of effort on your part but I am convinced that when WILL collides with circumstances, desire is born. And when desire is born, the keys to financial freedom begin to unlock the door to financial peace. And in order to start this journey, you must learn self-control and discipline. To have self-control is to acknowledge certain spending habits and establish a well thought out plan to control your ‘spending emotions’. In order to have ‘financial freedom’, parameters have to be in place to guard against the emotional aspects of spending. One very important tool that can be used as a guide to both personal peace and financial freedom is knowing how to develop and maintain a well scripted budget. Do you struggle with developing a budget? Don’t know where your money is going? Too many distractions? That’s ok! Many of us don’t have a clue! But what I’m more concerned about is continuing to progress toward a lifestyle of total freedom. How restricted do you feel?

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