Stop budgeting!
Did you ever decided to start budgeting your financial and ended up living in stress? Do you hate the idea of recording down exactly how much you spent on a burger and movie ticket and make yourself guilty when you are reviewing your monthly budget? What if there is a way of budgeting while you can enjoy your life and don’t feel guilty about it by the end of the month? Today I’m going to reveal my own little secret of simple yet efficient way of budgeting.
When people decided to start budgeting, first thing they do is look for budget tracking apps, recording the tiny little details of spending for each segment in living, and eventually adding up all the expenses within a month. The result of this is they know exactly how much they spend in each segment, and try to cut down in the next month. For me I don’t like this way because I felt guilty for spending in entertainment eg like massaging in the weekend, playing with the racing car machine or basketball shooting machine in an amusement park. Yeah I love those because it’s my way of relaxing and distressing after long week of work. Recording every penny I spend on these entertainment makes me feel like I’m wasting my money in the end of the month but in fact I forgot that those activities actually helps me to be more productive at that time and cannot be valued with money.
So I found another way of budgeting that suits me most with my own lifestyle. Basically it only requires you to have a saving or current account. Before pay-check comes in every month, remember the last balance of the account. Calculate how many percentage of your salary goes to paying yourself, for me I would suggest at least 40% for those who are single and at least 20% for those who are with kids. Paying yourself means this is the money that you are going to save up and invest to get your first bucket of gold or capital to start business of your favour. Set a goal of 100k when you are just starting up. So the method is super easy, just take your last month balance and add the 20% or 40% pay-yourself-money, remember the total amount. That’s the amount that you need to see by the end of the month. Cannot be less, only can be more. Continue this practise and eventually you will find yourself saving money and enjoying life at the same time. Keep it up till you get your first 100k or any goal you set. This is my way of saving 100k when I just starting up.
Hope this simple sharing do help some of you. Thanks for reading.
