People put off and some never do much money management. It looks harder than it is.
It has to do with shifting from an event or transaction based method to a system.
You must choose a lifestyle that fits with your resources. Lifestyle includes
Most of these will be visible and big enough to know about, The other ctegory will take some tending in the beginning because it will include many small expenditures. It is very difficult to manage spending that is nearly invisible. A coffee at Starbucks on the way to work is not material by itself but one per working day for a year is more than $500.
For most people it will be money from working. They don’t get to keep all it though. Before they see any, the government takes a slice and there may be other things like union dues, government retirement and insurance plans, company pension plans, group benefits and maybe an investment plan.
Work with take home pay. If you are short what is there in step 1 you can amend.
Everything you can automate you should. Many of your household bills can be made automatic payment. Same thing with savings for the future, for debt reduction, for planned purchases, and for emergencies.
You could allocate a certain amount of cash each week or month for those “little” expenses. When you run out of cash, they stop. Paying with plastic does not seem like paying with money. People are more careful when they see the money going out.
Almost everyone finds they have intuitively built a model that cannot work. That is why they need this exercise. Matching the income and outgo reality is necesary once in a while. Finding ways to reduce consumption or to organize debt better, or to invest better so savings could be smaller for a while, all are possible.
It could take 15 hours to gather the data so you can work at making it better. It might take another 15 hours to work out the improvements. So 30 hours. Maybe even 50.
Most of what happens requires no daily management. Pretty much just count the cash in your pocket and divide by the number of days left in the week.
Everything else is planned for and anticipated. Every quarter or so maybe check the actual automatic expenditures agaisnt your original assumptions and adjust again.
You can do that. Your should do that, right?
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