Last month, I put an end to wildly spending my monthly allotment of "spending money". At the start of the month, I wrote about how I was going to go about this HERE.
Well, here I am to give an update on how I did with my first month of "spending my spending money BEFORE the money before I actually had it in hand".
As you can see, I did very well this month!!! Here it is, the end of the month has passed and look who hung around to welcome in the month of June – good ole Andrew Jackson!
I will tell you this – I was reminded again of some keys to budgeting. Here are some keys that might help you.
- It is OK to "substitute" Ultimately, it does not matter how the dollars are spent – as long as you don't exceed the overall budget! For example, the top thing on my list was to purchase a $30 pair of jeans. I did not do this. I decided to "sub" a round of golf instead! Is that OK? ABSOLUTELY – even though the round of golf cannot be worn, it was fun!
- Cash Rules! There is absolutely NO WAY I could overspend the budget because when the cash is gone – I can't spend anymore!
- Cash forces you to find a better deal I found a Grill Cleaning Brush for $0.97 at Wal-Mart! That allowed me to purchase MORE plants!
- Spending your money BEFORE you receive it ROCKS! You have all options still available to you when you plan your spending before you actually receive the money.