Resumo de Money Saver Policies

Howsoever dull budgetingmay be, the end-result can be very rewarding. Here's what a good budget can do for you:
Makes you controlmoney, instead of money controlling you Makes you ?enjoy? money, not ?worry? about money Doesn?t mean ?curbing? your spending, but makes it more ?purposeful? Protects you from getting into financial problems So if you're really keen on budgeting your finances here's letting outseven secrets to make it cool andenjoyable. Secret 1: Make it a family affairYou, your spouse and your kids are all an integral part of the budget. Therefore, there is no reason why as a money-earner, only you should be making the budget, which the others have to follow.Your family members also have desires. If you do not involve them in budgeting and make it inclusive, they may not appreciate the whole process. Also, they may notunderstand whether something is affordable or not and may lead to an unnecessary friction.Once everyone is involved in budgeting, it does not remain just a job to be completed. There's morecommittmentto it.Secret 2: HavetargetsPlanning to buy the latest mobile phone on offer? Refrain fromusing your credit card or opt forequated monthly installments (EMI)) payments. This is the easy way out andcanupset yourbudgets of the comingmonths leading you to pay upheavy interest charges. Instead, keep aside some amount from your budget for the next five to six months andbuy the mobile phone out of the money you saved. That?s the way to approach budgeting. Build in interesting targets, rather than making it just an exercise of adding up your incomes and expenses. Make budgets something to look forward to with expectation. Ifyour goal for this month is a mobile phone, next one can be plans for a playstation.AniPod can come later and so on. Secret 3: Surprise yourselfDon?t make budgeting a predictable affair. Try to bring in some novelty factor to it. For example, you do not have to always do your budgeting on the dinner table or the living room. Maybe you can go on a picnic and do your budgets there. The whole mindset is different, when you are a picnic. As such you will enjoy it more. Or may be once in a while you could ask your kids to work out a budget. Secret 4: Dare to do moreThere will always be times in your life, when you are running short of cash. Instead of getting worried or resorting to borrowing, dare to do more. Think of how you can save more money. No expenses are fixed. If you think divergently, you can always finds ways to spend less, without cutting down on any item.

Think how you can earn more money. Perhaps, you could take-up a part-time job in the evenings or weekends to supplement your main income. There are quite a few avenues for moonlighting.Challenges bring excitement to budgeting. And when you achieve success in your ventures, the feeling it brings alongwithis simply great. Secret 5: Think beyond moneyThis may at first, sound contradictory as budgeting is all about managing your money efficiently. But that is the moot point. No one needs money just to increase one?s bank balance. Ultimately you need money to buy things you desire ? a new car, a new house, a new dress, diamond jewellery, vacation in foreign locales among others.Therefore, think what you ?value? before you commit to any purchase, rather than trying to imitate your neighbours. Change your perception and thinking from ?materialistic? to ?meaningful?. Not only will this bring more peace and contentment to you, but will also improve your relations with your family members andsociety at large.Secret 6: It is not a test of your mathematical skillsOne of the main reasons why budgets become boring is because we try to work to the last paise. Keep in mind that you are not appearing for some test, where you will get marks for the 100% right answer.The idea of the budget is to broadly plan for living within your means. A few hundreds spent hereor there is not going to make any signint difference to your budget. But trying to account for every penny can become mentally very taxing leading toyou andyour familylosingall interest in budgeting.Secret 7: Don?t be too rigidAnd last but not the least, be open-minded and flexible with your budgets. As mentioned in the beginning, budgets are not meant to ?tie? you down. It islike flying a kite. The purpose of the thread is not to prevent the kite from flying, but to make the kitefly withdirection and within certain limits. Without the thread the kite cannot fly far,fly high or fly for too long. Budgets give you a defined economic freedom. It is not a financial restriction.So let?s get going. Let?s get started with makingour budgets and make budgeting a fun-filled and challenging exercise. Let this be one new year resolution, you will never break.

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