There are a myriad of ways to make improvements to your budget. Some are easy, some are more intensive, but there are ways. Even if you’ve been budgeting for awhile and feel like you’ve squeezed your budget every which way, there’s likely something on this list that can help you improve your budget.
I wanted to create a very practical and actionable list for you to improve your budget, (even today) if you’re willing! Some things require making sacrifices, some are funner than others… Even if you pick one and do it today, you’re in a better position than you were before reading this post. My contribution to society… you’re welcome!
A budget is nothing more than a list of ways you plan to spend your money. If you do this on a regular basis and stick to your plan, you will start to gain control of your spending, and align your priorities. Keep it simple for your first go round and commit to fine tuning it as you go.
2. Budget Billing
Utility bills can fluctuate quite a bit from month to month. Most utility companies offer something called budget billing which takes your total yearly usage and divides it into one even monthly payment.
Each year they review your total expenses and make adjustments to that monthly payment. This helps the budgeting process greatly as you’ll have one static amount to budget for each month.
EXAMPLE: Instead of having a $100 gas bill one month and a $400 bill the next, you’ll have one number to plug into your budget month after month.
3. Sell Something… or a lot of Things
We spent one Saturday last year listing some things on our local for sale group on Facebook and made about $200. Some big items, some small, but regardless, we got rid of some stuff we no longer needed and brought in some cash at the same time.
You could also use Craigslist, or eBay depending on what you are selling, but I’ve found the for sale groups on Facebook to be the least time consuming and easiest process.