Youve heard it like a broken record: You have tomake a budget.
So youve made a budget.
You might be making one ofthese common budgeting mistakes.
Heres how to recognize and fix them.
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Do you avoid people too?
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But it also becomes pointless way too easily,Lifehacker points out.
When your budget leaves no wiggle room, any discretionary spending will throw it off.
When yourecreating your budget, build in that wiggle room.
Determine thefun things youll spend money on, and make a place for them.
Dont let it get out of control.
Did you know?
If youre stuck in this cycle, start your budget from scratch, Lifehacker recommends.
Consider what you have coming in minus your regular expenses, bills andsavings.
Once you know whats left over, determine how youll allocate it for fun not the other way around.
Budgeting Without a Purpose
Face it: Budgeting is boring.
Counting every dollar and planning how youll spend it is few peoples idea of fun.
Maybe saving money will help you create the cushion you need toquit your joband find something you love.
But even without those big goals, it’s possible for you to set your budgets purpose.
Itll be easier to get an apartment,rent a carand more!
Or attend your cousins wedding?
Or your car breaks down?
If thats the case, yourenotfine for money.
Much more palatable, right?
you’re free to do this with seemingly unexpected expenses, as well.
If the car holds out, then Im ahead!
Your Turn: Are you making any of these common mistakes?
Will you use these tips to fix your budget?
Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder.
Shes written for Huffington Post, Entrepreneur.com, Writers Digest and more.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
