Dear Borrow Smart Family,
Is it me, or does the word “budgeting” sound like something Jabba the Hut burped out?
I know, I know; budgeting can seem tedious, and it can take some time to figure out. However, there are a few resources and tips that can make it a lot bearable, if not easy to digest.
My lesson #28 shares this: Spend less, so that you can save more.
Seems like a simple idea, right? Most of us, are typically on a fixed income – with maybe an annual or quarterly bonus that comes along – so it’s essential to identify small ways to be able to put more money away for long-term goals.
Those tiny wins can stack up significantly over time (40K+ even) as I delve into it in my video below:
Big expenses are easy to track; it’s usually a lot of those little things like a book subscription or daily coffees, that add up over time. I challenge you this week, to grab your journal and your last month or so of statements to comb through your expenses to see: Where are you able to make a small (Or large) edit in your spending?
Let me know in the comments what you think!