One of the big things for me this year is making my budget work. Yes, I live off a budget and then I get lazy and things fall by the wayside and then it becomes juggling money from this account to that account to cover eating out too much or whatever. Who's been there?
So, for step one of the new year...I redid my budget. Thank you Mint.com for making my life easy. If you have never heard of mint.com or don't know where to start with managing your money...Mint.com is where you go. As I learned with Dave Ramsey's school, you should plan where you spend your money at the beginning of the money versus figuring out where it went at the end of the month.
Does the initial set up take some time? Absolutely! But think about it, anything worth doing takes a commitment. If I wanted to play softball in college, I just couldn't step out on the field on game day...I had to practice. If I want to do a race, I can't show up on race day...I had to do runs before hand.
But now that I have got through the initial commitment, guess what? Yep, it takes a minute a day every morning. I can log in, make sure that my money coming out of each account is going out of the correct budget category and guess what...it even remembers it for next time! Every morning, in ONE MINUTE, I know exactly where I am at and guess what...there is an app for it! :)
Step two was this great idea I heard on the radio this morning. So props really go to the JB and Sandy Morning Show. It is the dollar a week savings play. For each week of the year, you save that week. So, week 1, you save one dollar. Check. Week 2, you save $2 and you continue through the weeks. I have included the picture they added. Don't get me wrong, the end of the year will be tough and maybe I'll mix in some of those later weeks into the earlier part of the year. However, at the end of the year I have saved $1,378!!! That doesn't factor in interest either.
Now I challenge you for 2013...make it the year that you spend your money at the beginning of the month versus wondering where it went at the end of the month. Plus put away the week of the year into savings each week.
2013 resolution of making my finances right!