When most people think of budgeting, they think of dreary days doing nothing, scrimping and saving, and avoiding luxuries at all costs. However, this isn’t the case. You don’t need to deny yourself all of the nice things in life – you simply need to make sure you’re smart and objective. The fact of the matter is, you might feel like you want something when you want it, but a few days or even weeks down the line, you’ll forget all about it. If you don’t, you can give yourself permission to buy it. If you do, then you’ve saved yourself a lot of money! That’s just one example of how you can easily save money with little effort.
To further help you put money away and ensure you’re maximizing your finances, the tips below will help you to make budgeting fun!
1. Use An App
Using an app can be a lot of fun for those who love seeing data and infographics. You’ll be able to see where you are spending your money and where you can improve your efforts. It’ll be hugely satisfying if you’re sticking to your goals, too.
2. Set Solid Financial Goals
Setting solid financial goals not only gives you something concrete to aim for, it gives you something to visualize and make believe. This is a proven mindset technique and can make a huge difference to the outcome of your goals. If one of your goals is to buy a property, you can use this mortgage stress test calculator to make sure it’s right for you. Once you’ve done the practical bit, you can start visualizing the house you want to find!
3. Have Regular Family Meetings
Having regular family meetings, or even just money meetings with yourself will keep you motivated and help you to ensure that everything is on course. If you don’t check in and rejig your budget and how you do things every so often, you might get complacent.
4. Read Books On Money Mindset
Reading books on money mindset can be a lot of fun when you realize you have far more control over the money you earn and how much of it you keep than you think. Many people think of themselves as victims of their circumstances, but this is not always the case. Some people have it easier than others from the get go, but we all have the power to change our circumstances.
5. Reward Yourself
Rewarding yourself is always fun, even if you just use a chart and stickers. Make sure you determine the exact conditions of your reward and set a spending limit. You could go for a nice new outfit or some stationary – anything you like.
6. Give Different Accounts Nicknames
Giving your accounts nicknames creates an emotional connection and is a lot of fun. You’ll be less likely to spend bill money on treats when everything is clearly labelled with a name that makes you laugh!
Remember, a good budget can help you to make room for the things you love – fancy salads, fancy coffee, and occasional treats. It does not mean putting your finances into deprivation mode. Have fun!