Having a Budget Doesn’t Mean You’re Poor

Money can be such a sensitive subject. I’ve noticed whenever I say the word “budget”, some people respond negatively to even the idea of one. I’ve come to the conclusion that these people think if you have a budget you must have money problems.

Well, I’m here to destroy that mindset.

Having a budget doesn’t mean you’re poor – it means you’re smart.

Budgets are a tool. It can help you monitor your income and expenses, set goals, and if you have room in your budget, even allows you to have fun with your money!

Alex and I really love using Dave Ramsey’s EveryDollar app. It’s available on desktop and mobile so it’s super user-friendly. Also, it’s FREE!

How do we use it? Before the first of the month, we sit down together and figure out all of our income for the coming month. Then, we make categories of where we want our money to go – these can be mandatory and nonmandatory expenses. For example savings, rent, groceries, water bill, entertainment, etc. We always start with our mandatory living expenses. We also always end it with “fun” money. This is money that we allow both of us to spend on our own jurisdiction – no questions asked by the other spouse.

I used to feel slightly guilty when I would buy anything for myself. Mainly because it can be hard for your significant other to realize why you NEEDED another pair of shoes from Marshalls…

However, now that we have a budget and I know there is money I can spend (without draining our account each month) it gives me a sense of security.

Budget isn’t a dirty word. It’s a smart one! Get a grip on your money and start living a financially smart life!