Bills, mortgage, insurance, grocery, coffee, kids it all adds up! What do you think you spend the most money on?
I bet you have more money then you think!
Good morning and welcome to Classy Classic’s By Kandis! I am super excited to write this blog!
It’s an outline for……. budgeting! Do you have debt, live paycheck to paycheck? Trying to save for a vacation or a big purchase?
There is so many ways to “budget”, which way have you tried? I have designed a way that I found to work lovely! I say this as I did it and now we are out of debt!
I find just as a morning routine or a cleaning routine, there are so many different ways out there how do you know what will work? Everyone has different jobs, different income, different bills, different dreams and goals!
With this outline you pick how to roll with it. Just as habits it comes down to how bad do you want it?
You are not going to get out of debt, if you keep doing what you want. Want to save put that $5.00 in a envelop not at the store on a latte!
It sucks to hear but no one said being a big person was always fun haha.
If you are ready to start getting out of debt then you can do it. I have broke down a quick pyramid outline to help get you started. There is steps to help you see how to break down your expenses to make as much as you can stretch.
Will it be easy? No!
Will it be fast? Faster then before!
Will you stop everything you enjoy? No, and not forever!
Without anymore hubba bubba let’s get into it.
Step 1: The first step is a important one! Find out what your monthly income is! You can’t save anything if you don’t know what you have to work with. The best way in have found for this is to simply get a statement out and as you go over it color code it. This will help with all the steps. If you can see where your money is going you can see where to add or subtract your spending. This is not a hard task and will not take long. Don’t forget it’s colorful, and organized after.
Step 2: Fixed Expenses! No matter what being an adult means bills! Bills, bills, bills. They come in all sorts of sizes and baggage. There is house bills, car insurance, everything has insurance lol. Preauthorized payments, bank payments all of it. These are payments that are the same or close to month to month. Figure out what is being taken out, and must be paid every month no matter what. Got them, they should be a pretty color on the statement. Simply add them together. This is what you need to clear each month. Got bills covered there is more wiggle room, less stress, more clarity on your “left over” money!
Step 3: Loans and debt! It is there, no matter how you justify it they money was spent and needing to be paid. This can be of any amount! Large ones from schooling, a car, house. To borrowing a couple hundred bucks. According to Jordan Page you start with the smallest to largest. Take as much as you can budget to pay off what you can. If you are paying $100.00 on a loan, and $200.00 to pay your relative off, pay the person back, roll that debt money to your next debt. Each time a loan, or payment gets paid or the amount goes down you can roll that amount!
Example is: I paid off our credit card, now we actually have a positive balance. I paid higher amounts to cover the interest rate and payment, then took only a hundred dollars off my “budgeted” amount and rolled it anothet debt. This way as my card was getting paid first then other bigger ones was getting some then more and more till it’s just gone!
Step 4: It seems know matter what the grocery store costs so much money. Have you sat down and done an inventory list. What is in the back of those cupboards, or the bottom of the freezer! Do you meal plan? Meal planning can save so much, if you don’t impulse buy you can save tons! I have heard to budget $100 per person per month! I say no way! This is one of the easiest places to save money. Buy only what you need for that grocery time. Whether it’s a week, or a month you can meal plan and keep it under budget. Make some casseroles, soups, throw together meals with the hidden pantry food. This is also for baby items, and house products. You can do it all cheaper then the store. Make baby food, have you tried Diy cleaners, they work great, last a while, no chemicals and so so much cheaper. I have not bought “cleaner” in almost 10 years! Yap I make it, also I will not stop. I love my cleaners, and diy products.
Step 5: How do you save when you owe? This one gets people stressed. It is hard to see the progress while the iceberg is so big. However when trying to save and get debt free, I suggest small. Empty your change, count that after each week. Use a cash envelope for your ” extra” money, you will hold on to cash easier then not swipping. Saving that coffee mobey instead will add up. Say no to the quick grab food/snacks. Remember every bit counts!
Step 6: The “extra”… There is always something that comes up! Kids, house, pet or personal, there is always something. If it’s extra and not an emergency, I’m sure you can do without. Kids lunches sorry only packed from home. City runs, or fast food nights! Nope eat at home, or pack a lunch for in the car. There is lots of extras!
Step 7: You still need to spend some. After everything that is being cut back, you can still save and have fun! Did you stick to your budget? Have a take out night, buy some ice cream for family game night! Just don’t over spend! Make it fun, what can you get for $20.00 to do a fun night! There is always ways to do something cheaper or free.
I hope this blog has opened some doors, cleared up some questions or concerns! Have questions, I’m here! Ask away! Here or over on Instagram under Kandis Blask or on Facebook Classy Classic’s By Kandis! I will help with any questions!
Got some other advise let’s here those comments!
We all work different, let’s have those ideas to make everyone succeed.
It will take time, it will take work!
Yes you can do it!
As hard as you want it, will be how hard you work for it!
Till next time everyone have a great money saving day, I will talk to you soon on the media pages, and on here with another blog next week!
Classy Classic's By Kandis 