When you’re on a tight budget, trying to be more environmentally conscious can be difficult. The cheapest items tend to be the least eco-friendly, and there’s no denying that adopting a more sustainable lifestyle requires a certain level of financial sacrifice.
There are a myriad of different tools that you can use to create a budget, but in this chapter, we’ll be going over how to use a budget template. A budget template is a customizable worksheet that can help you manage your budget by keeping track of all your living expenses.
So far in this series, we’ve discussed what a budget is, what you should include in a budget, and the various ways you can make a budget–including zero-based budgeting, which we covered in Chapter 8. Now that you have all the budgeting basics, we’ll cover how you can manage your budget.
This is the last chapter in our budgeting series, and we’ll be talking about how to set goals in Mint. Once you’ve created your budget and have learned how to successfully manage it, you should then set goals for yourself. You can use Mint to create and manage your goals so that you can keep better track of your money.
So far in this series, we’ve answered important questions about budgeting, such as “What is a budget?” and “Why is budgeting beneficial?” This series has been focusing on how using a budget can help you keep your spending in check and ensure your savings goals are on track.
Creating a budget can offer you peace of mind and give you more confidence in managing your finances. A budget can help make you more aware of how you spend your money, and the places where you may be spending too much, so you can figure out how much to save.
If you’re making a budget, congrats! For many people, having more money seriously adds to their freedom — and budgeting is a great way of giving yourself as much financial freedom as possible in the future, as well as improving your financial situation in the present.
Having a budget helps to create more financial stability in your life so you can finally feel more at ease with your finances. Tracking your expenses helps to make you more aware of how much you’re spending compared to how much you’re making, so you can determine where you can cut back costs and how much you need to save from each paycheck.
With 59 percent of adults in the U.S. living paycheck to paycheck, many people struggle to have fun while still paying for their necessities. After all, it’s hard to spend money on yourself when you’re under financial stress. But creating a fun money budget can help you have a good time with any budget.
Clothes shopping can be a fun way to spend an afternoon. And in many cases, whether it be for work, school or a special occasion, buying clothes can be a necessity. But for many people, buying clothes is part of a larger pattern of overspending. In fact, clothing items are the number one purchase category for people with shopping addictions.