One of the worst feelings in the world is that feeling you get when you have spent your last dollar and payday has not come yet. If you are like the vast majority of America, you know exactly what I am talking about. It’s nearly epidemic at this point how bad the financial state is in our country. Spending beyond our limits, we have, collectively, created a situation that most likely has no correction.
There are a lot of fingers to point…
We spend money like it’s growing on a tree in the backyard.
We take out loans for things that we don’t really need in the first place.
We get financing for college degrees that we don’t actually use (guilty here).
We forsake the homemade meal in order to eat out the majority of the time because it’s convenient.
I mean, the list can really go on and on and on.
Plug your own excuses in there. Why aren’t you making it to your next paycheck before your money runs out? What are you spending money on that you probably don’t need? Or, perhaps I assuming too much here. Maybe you are frugal but your job simply doesn’t cover your needs. That could be the issue as well.
Regardless, many people find themselves in this position because of the lack of a budget. They pay their bills and then whatever is left is free to spend. However, without built-in restraints of some kind, we can easily create a problem. It really isn’t good enough to just have your bills paid. I mean, if your only one month up on your bills then you are only a couple of missed paychecks from being buried.
My wife and I used to live this way. We paid up our bills and then began looking for ways to spend the extra income. A trip would be fun or maybe we need something new for the house.
When we moved back to Illinois, we sat down and hammered out a budget. Then, we committed ourselves to follow it regardless. We built it around our mortgage to ensure that we were spending no more than 25% of our monthly income on that one bill. We built in our tithe and savings as well as covered all of our expenses. Each month, our account grows just a bit. Could we do better? Probably.
However, we are trending in the right direction.
The security that comes with the knowledge that you are not standing on the edge of looming debt anymore is tremendous. But, we have to stay on it. That extra cash is nice but could be easy to spend if we don’t stay on top of it. You know what I mean though. If you have a budget in place, you’re experiencing the same thing.
Stick it out, my friend. And, remember… Every penny that you spend today is a penny borrowed from tomorrow.
Life is Strange. Live it Well.