Blog 33: Budgeting Tips that will Save you Stress

 Happy Monday Readers! 

Today I want to talk about budgeting, as it's a key component to financial planning, and a great way to help you achieve your financial goals. When people think of budgeting, they might think of balancing a budget or having a list of things bought, but it's a lot more than that. Budgeting is a process, similar to exercise, where you will always be working at it to improve. It's not a one-and-done deal. Budgeting doesn't have to be scary or stressful, especially if you approach it with the tips I have below. Feel free to reach out to me on social media or my website for more information or any questions you may have. 

1. Try using a Financial Advisor 

Not many people think about getting a financial advisor, either because they seem too expensive or because it's too much work. Financial advisors may not be as expensive as you think, and can easily help you to see places where you can increase your savings, as well as places for investment opportunities, budgeting strategies, and new goals. Financial advisors are great to have and are worth it in the long run. They help you get a new perspective on your finances and allow you to move toward your goals. 

2. Prioritize Your Needs over Your Wants 

This can be difficult, especially if you're an emotional spender. But making your needs, such as food, gas, or rent a priority over your wants, will help you to better budget your income. It can be easy to spend on your wants, but spending on your needs allows you to save for the future, and take care of yourself financially. 

3. Budget for "extra" charges 

There may be charges that pop up unexpectedly, such as car maintenance, or an emergency. Make sure you give yourself a financial cushion and allow part of your budget to be allocated for extra expenses. These can even be things like Christmas shopping, extra charges during the holiday season. 

There are many more tips out there to help with budgeting, and feel free to contact me with any questions you have. I hope these budgeting tips save you stress in the long run, and remind you that your financial goals are possible! 

Until next time, 

Katie