A calendar not only lets you know what events you have coming up and when it’s likely to be an expensive month, but it also allows you to make a strategic plan of when you’ll be able to save more.įor example, we all know Christmas is an expensive month, and we typically spend more than usual, which means December is a no-go for making any savings. Whether you already have some debt, or you want to avoid it, having a budgeting calendar will allow you to tackle whatever you owe much quicker than without one. Use your calendar wisely to really plan your future - not only will it help you keep on top of your finances, but it will also create a healthy work/life balance that will allow you to live within your means. Planning ahead and deliberating how much you can afford to save per month is your best bet if you’re looking to say goodbye to debt and hello to financial freedom.
#Monthly budget calendar crack
And if a sense of self-mastery is the only encouragement you need, you’ll be able to work towards everything you want in life.ĭoes February tend to be a pretty dry month for your family? No birthdays, no holidays, no events? Just a generic month where you can catch up on sleep and bills? If so, use this time to really crack down on your budgeting, and allow yourself to spend less than you usually would. Humans also react well to having goals, and it subconsciously makes us happy when we’re working towards them. There’s no denying that people have an overwhelming sense of gratification when they meet their personal milestones. Here’s the thing, having dates and budgets to match not only increases the likelihood of them happening but also allows you to feel good about working towards something.
Of course, you’ll need to take into consideration life in between those goals, including general monthly outgoings and other more spontaneous expenses. Whether it’s saving up for a deposit on a house or saving up for your wedding day, having an estimated date will enable you to budget how much you’ll need to save per month in order to achieve the goal on time. In your life calendar, set a date of when you want to achieve something and focus on earning enough money to meet the said goal. Have you got a big trip coming up, or planning on leaving the country for a bit to travel the world? Or are you set on the idea of buying a house in the next few years? People rarely achieve that without a little bit of budgeting, especially when other life events crop up along the way - which they always do.Įverybody's life goals are different, which means everybody's budgets are going to be different, too.
But even free-spirits could use a bit of structure sometimes, especially when it comes to finances, and in fact, it can actually help you to be more impromptu. Plan for your future (even anti-planners)Įveryone is different, and some people prefer to live a more spontaneous life than a structured one. It’s also worth having an individual savings account for seasonal spending that you top up when you can for some extra help - not quite an emergency fund, a seasonal fund. When planning, divide that estimated total by 12 and turn that into a category that you include in your normal monthly budget. It doesn’t have to be as detailed as a monthly one, and realistically things can change over the course of a year, but having a general budget will really come in handy for the year ahead. Set yourself a yearly budget that includes every event or gift that you know is coming up that year. And alongside the money lost during the festive season, other months can swallow our cash too if we’re not careful with the likes of birthdays, wedding season, summer holidays, and any other excuse for an event to empty our bank accounts. Specifically, almost £740 more in December, which equates to a 29% monthly spending increase. However, as November closes and December begins, our spending habits soar way above the average amount we usually pay out. In the UK, a typical household spends just over £2,500 in a month. Plus, there’s all the festive food you can’t get any other time. There’s Christmas, New Year and all the gifts, parties and festivities that come along with it, along with all the preparations and expenses in the lead-up. For many of us, December is the most expensive month of them all.
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