Saving and Budgeting

[Kalinkatichkule]

Borrow books, movies, or games from the library instead of buying them. Expand your mind and entertainment options without breaking the bank! It's a cost-effective way to enjoy a wide range of content. Share your favourite library finds!

 

[siyalikashyap]

Not too fond of reading or books
cannot share

 

[Kalinkatichkule]

Tired of living paycheck to paycheck? Start saving and watch your financial worries melt away like ice cream on a hot day!

 

[Jessie]

Reading books is a very good habit for people but investment for earning money is also important for a person to live his life.

 

[saniich68]

To Kill a Mockingbird documentaries that expanded my view, and strategy board games for a fun night with friends.

 

[Kalinkatichkule]

Here's why saving is your secret weapon:
1. Calm, Cool, Collected
Knowing you have backup cash brings peace like a spa day. Say goodbye to money meltdowns, hello to stress-free sleep!

2. Future You Will Thank You
Dream of that beach house or your kid's fancy college? Savings fuel your goals, big or small. From cars to vacations, watch your dreams take flight!

3. Family First
Life throws curveballs, but your savings can catch them. Protect your loved ones with a financial cushion, knowing they're always taken care of.

4. Short-Term Thrills, Too
Saving isn't just for decades down the line. Stash some cash for weekend getaways, that new gadget, or anything that makes your heart sing!

5. Emergency Fund
No sweat! Your savings swoop in like a financial Batman, ready to handle unexpected car repairs, medical bills, or whatever life throws your way.

 

[Kalinkatichkule]

Reading books is a very good habit for people but investment for earning money is also important for a person to live his life.

yea yea defiantly , its a key!!

what kind of investing you usually do for your future plans ?

 

[Kalinkatichkule]

Buckle up for the Budgeting Adventure!
Don't worry, budgeting doesn't have to be about sacrificing fun.
It's about being a financial ninja, slicing through expenses like shurikens of savings!
Remember, budgeting is all about freedom. Freedom to choose what matters most, freedom from financial stress, and freedom to finally sing "I'm in the Money" without a hint of irony.

So, who's ready to slay the budgeting beast with me?

Let's share tips, tricks, and maybe even some epic budget fails

 

[Kalinkatichkule]

Do not save what is left after spending; instead spend what is left after saving. A penny saved is worth two pennies earned

 

[Kalinkatichkule]

I've been using a yearly budget to manage the non-essential spending side of my finances for a good few years now and I'm not sure I could ever go back. When we only look at our spending on a month to month basis, we tend to think "it's OK, my money will reset at my next payday". But of course, money doesn't work like that.

Choosing to set a yearly budget can help you be more intentional with your spending, look at your finances from the long-term view that they deserve and you'll start to notice spending habits when you stop looking at them in 30-day cycle.

➡ I set a yearly budget for any non-essential spending categories at the start of the year.
➡ Each month, I allocate money to each category based on my plans and intentions that month.
➡ Throughout the year, I adjust my monthly spending based on how much of my yearly budget I've spent.