How An Hourly Planner Saves Your Budget
Whether you’re a student, a member of the workforce or about to retire. Keeping track of your finances are key. There’s something about our spending habits that makes going from doing financially “okay” to being overwhelmed by big credit card bills we can barely afford to pay off happen in a couple of blinks. Your spending habits are always subject to change but they are the most vulnerable during an income change (increase or decrease), because of a psychological term called “Lifestyle Creep”. I can delve into the issue at a more detailed level if you want (DM, Email or comment to lmk) but for now I just want to focus on an action you can take for your budget.
“What gets measured gets managed”
Now there are enough tools online that help you with this already. Don’t get me wrong I’m like the biggest advocate for Mint. And I still use it to this day but there’s something about writing down your expenses analog that registers better with the brain. So honestly all I’m trying to say in this post is to get an hourly planner and any time you make an expense write that shit down! And at the end of the week total it all up to see how much you spent. And, once you know you’re regular habits then you can take the step up to try to implement a budget. But that’s going into a complex process. All this post is for it to let you know, I think its a good idea to start tracking your expenses if you’re trying to reach that financial literacy or financial freedom. It’s good to know where your moula goes!
- Get an hourly planner
- Track your expenses (I write them down when I spend it)
- Color coordinate: Categories, Income vs Expenses, Payments, Etc.
- Implement a Budget (Probably will cover in another blog post)
Catch you in the next one 😉