Nearly everyone I know has resolved to spend smarter this year and step one is to create and stick to a smart budget plan. It can seem daunting, and you might be fearful of finding out just how much of your income is spent on shoes and handbags, but no worries! Planning a budget is easy, and there are so many great ways to make it smart!
1. Write down ALL Expenses
Photo Credit: JennKstep
Just like a food diary, make a budget diary! Okay, so you know you’re going to write down your mortgage or rent, utilities, cell phone, cable, credit card payments, car payment, insurance, groceries, and petrol, but that’s not all! You also need to account for your other expenses, likehaircuts, manicures, pedicures, oil changes, meals out, date nights, NetFlix, gym membership — everything. Look at your bank book and notice what recurring expenses you have that you might have forgotten. Write them all down!