Budget Blues?

If you have put in the time to come up with a budget but you are not more financially sound, then look at these common reasons. Here is the link to a personal finance budget worksheet for you to use.


Missing Categories?

Often budgets are missing pertinent and relevant categories. If the budget did not consider an expense account like groceries, then that will have quite an impact (we do need to eat) then you will not have budgeted for food. Even if you just spend fifty dollars a week, that adds up to $200 a month that is not properly accounted for and will throw any budget off. This will throw off your progress from a financial perspective. Still do not get discouraged. Make the necessary changes and go again.


Not Sticking to Your Plan?

Your budget is not missing any categories, but you still are not better off than you were the last few months. Is the reason that you are not sticking to the budget you have set for yourself? We all have trouble sticking to plans from time to time or maybe this is the first time in your life that you have set up a plan or goals for yourself. Do not give up on yourself and most definitely do not beat yourself up! It is ok, just do a reset and stay positive.  Visualization can be a great way to get back on track. That can be anything from writing down your financial goals or what you are striving for to putting pictures of your desires all over your spaces.


Maybe you did not make the changes happen to help yourself reach your financial success path. Remind yourself of how excited you will be when you reach some milestones.



Perhaps you are spending money you do not have. A daily money journal could benefit you. Sometimes we do not realize how much small incidental purchases can add up to or how fast they do add up.


One Example

One example is buying lunch out every day.  Say your lunch is $5 each day, that is $25 a week or $100 a month. Through some careful planning, you could possibly spend half of that a week. That is $50 a month that you could put in other places. That is $600 a year to put into paying down debt as just one example.


Do you have a budget but are not more solvent after a few months, then let me know.  If you have some advice to add, let me know that too.

Budgets, Start Looking at Your Financial Health

To start on your way to becoming a Finance Smarty, develop a proper budget. A budget is a financial plan for you to follow to achieve personal financial goals; both short term and long term.


Budgeting Benefits

A short list of benefits of having a budget is it lessens stress about money, it helps you set and achieve goals for yourself both financial and non-financial, It helps you prepare for emergencies that inevitably come up. Improve your credit score which qualifies you for better rates on everything from insurance to loans. It can enable you to do much more with the money you have. A budget will help you to spend less than you make in a month. It can help you eventually pay for large purchases with cash and not credit.


Reasons Used to Not Budget

Making a budget is time-consuming, can lack a fun factor (eating cardboard can be more uplifting).  It is often these reasons people will skip budgeting and go right into investing in different avenues or paying down debt. They are all steps in the right direction. However, the basic knowledge of your monthly income and expenses gives you a better idea of how best to pay off debt, save, and invest. Purchasing a home is easier to attain a goal when you have a solid working budget.

Reasons to Stop Procrastinating

Starting to analyze your finances is important no matter your financial circumstances. If you realize you are not more solvent over the course of a few months in succession, if you are an underpaid employee, if you have inconsistent pay, then a budget is vital to help you make financial plans for your future. These reasons along with others may require you to make changes.  Increasing your income along with making some sacrifices and cut expenses to help make your goals more attainable.

By correctly budgeting your money, you will be able to more easily manage financially during economic downturns. You will make be able to more easily handle emergencies that can and will happen.  You will be in better shape when your job changes or health issues come up.


It is time for you to develop a sound budget to help you reach your financial goals through good times and difficult times. Here is a Personal Finance Budget in Word format to get you started. Do you have a budget for personal finances? If no, then why not? I welcome your feedback.