Y’all, I’m so excited for this post because it will be the first of my new lifestyle posts to help expand the content of my blog!
Just as a foreword: most people calculate their income by their upcoming paychecks during the month, but since I am paid the last weekday of each month, I base my income off my paycheck for the previous month.
Step One: I figured out how much I would be paid by looking at my payroll receipt a few days before payroll was deposited.
Step Two: I created several categories for my spending to fall under: gas, groceries, fast food/restaurants, beauty, health, entertainment, planner supplies/stationery, other.
Step Three: This one was the weird part for me because I’ve never really calculated how much I spend on certain things. I played around with different allotted amounts for each category until I felt confident that each category had enough money, but not too much. I kept my total allotted amount around $150 less than my income so I could set that money aside for savings.
Step Four: I put my spending goals into my bullet journal alongside with a Remaining Funds tracker for each category.
Step Five: I write down the date and type of purchase every time I buy something, as well as how much money is remaining in that category.
Bam! That’s it! I am by no means a professional budget maker or financial advisor, so this may not work for everyone, but if you’re wanting to start a simple budget or try monitoring how much your spending, I think is was a great way to get started!
Message me on Instagram if you have any questions!
❤️ Catheryn
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