Since we budget every month, there’s a lot of work that I do to get the budget ready at the beginning of the month. It seems like things have been getting tighter and tighter with our budget, with two kids now. For some reason, we’re having a hard time making ends meet right now, and we’re evaluating all sorts of options to get that to change.
But my view of us having a hard time making ends meet isn’t the same as most people’s version. We just got a bill for our 6 month car insurance that’s due, and I didn’t worry about it at all. It’s $325, and I just let it go through without a care in the world. That’s because I’ve been saving every month for the past 6 months to make sure it’s covered. The same thing goes for other large expenses (Christmas comes to mind right now). With how “tight” our budget has gotten over the past few months, we’re still saving for Christmas. So when the time comes to buy presents, we’ll have the money to do it and not worry about it at all (as long as we stick to the Christmas budget we create every year).
If you live on a budget, you plan for all those irregular expenses before they happen. That makes it a little tougher each month, but a lot easier when the time comes that you completely forgot about a large bill. These sort of things make me really thankful for us living on a budget. It’s stressful each month, but a ton easier when tough times come.
So if you haven’t started a budget yet, start reading these posts on creating your first budget. You’ll be thankful you did when things get rough.