I’ll admit, budgeting gets a whole lot easier over time. The more effort you put in to push through the first few hazy months, the quicker you’ll squash the excuse that budgeting is too hard or that there is too much to keep track of.
Budgeting is simply a system we put in place to keep track of our monthly inflow and outflow of money. But if the system is broke or not operating at peak efficiency, it’s human tendency to hit the eject button and bail.
We’ve been there. We wanted to give up after penciling out our first budget and seeing we were $600 in the hole. It wasn’t easy, and we had to work together, but we pushed through the first few months, and our system and rhythm of monthly budgeting began to make more sense.
If you’re new to budgeting and you are like us, you’ve got your head down in your budget just trying to make sense of it all. You’re not likely thinking long-term about that pothole in the road a few miles ahead. You’re just peaking over the hood, making sure you’re still on the road. And that’s totally fine.
But I wanted to share a list of some budget line items that are often forgotten about. Take it for what it is: a brainstorming list to get you thinking about things coming up in the future that you could start saving for today.
These are some of the things that have tripped us up over the years and have caused us some budget headaches. Hopefully they will help you avoid some of the mistakes we’ve made.