Fact 1: Budgets suck.

They can be confronting, somewhat scary spreadsheets that show you exactly how much money you have or don’t have. HOWEVER – Budgets are also the only real way to financial happiness. Unless you’re rolling in cash, there is a high chance you need to take control and responsibility of your own budgeting…don’t fear! This in our professional opinion is the best way to do it, we are just hear to guide you through the windy tracks.

 

Fact 2: Avoiding the situation doesn’t make it change.

There’s a quote I was once told that hit me like a Mack Truck – doing the same thing over and over and expecting a different result is the definition of stupidity…ouch right!

Being fully aware of the fact that you’re struggling to save for your dream holiday, or pushing the thought that “you’re going to need to service your car soon but don’t have the dosh” to the back of your mind – yet still expecting to somehow magically have the funds when the time comes… is silly… don’t be silly – do something about it.

 

Fact 3: I know exactly where my money is going.

I’m yet to meet someone in all my years that actually has the ability to keep 100% track of their spending inside their head. Most people however believe they have the ability to do just that – you can’t. I’m telling you now, you don’t know how much money per month you’re spending on things such as coffee, extra treats when you buy petrol like a chocolate bar or packet of chewing gum, getting the hem of your new pants tailored, grabbing extra groceries because you have guests this weekend – it all adds up.

There is just far too much involved in our daily spending for us to be able to keep it in our brain box, we all need extra help.

 

Fact 4: Consistency is the key to comfort

Like most things in life, we need to make our budget a part of our daily life style; it may not be the most enjoyable part, somewhere up with picking up the dog’s you-know-what, and hanging the washing on the line – but it needs to be done, and daily!

Tracking our spending each time cash leaves our hand or our card taps the machine is crucial, the more on top of our daily spending we are the less daunting the actual process becomes.

 

In saying the above; we at Acorn Financial Services believe that budgeting doesn’t need to be all doom and gloom. Like taking on a new fitness journey, it’s all about the support you surround yourself with during the process and the baby steps taken to ultimately improve your financial health. After all ‘A budget isn’t about restricting what you can spend, it is instead about giving you permission to spend without guilt or regret’.

Want to hear more? Contact us to get all the facts on how to take control of your finances.