When I was younger, and had a habit of running out of money very quickly, and often struggling to pay rent and other bills on time, I devised a way to help me budget my money.
I was told to get a book and into it write down everything I paid for and do this for a whole month. Then when the month was over I was to analyze what I spent where.
That never worked for me… I just didn’t have the discipline to do it.
So, what I did instead is I came up with the “Hundred Dollar A Day Budget”.
I wrote down all my incoming money and all of my bills that had to be paid on a regular basis. I also included estimations for such things as gas, insurance, groceries.
And whatever I had left over would make up my “Hundred Dollar Days”.
These were days where I could afford to spend up to one hundred dollars and still be confident that I was able to pay my bills through the month.
Mind you, I only had five or six hundred dollar days in my monthly budget, but it sure helped me to realize what I needed to save on and what I could spend and when.
Maybe this budget technique will work for you too!
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