|I was so relaxed with no expenses|
|Residential Advisers: Pam, ME with brown hair, Lisa and Lavender|
|Me in my dorky accounting glasses|
|Fake mustache for Halloween goes in the wants/luxuries category|
What do I do if there's a hick-up in the spending plan? Usually I readjust. I move money from one category to another. For example, this year I'm spending a lot more on pets than usual because we're getting a dog. I have spent less on clothing and entertainment so some of that money has been moved to cover the additional pet costs. If I didn't have extra in another category I would reevaluate what is most important to me and cut down my spending in less critical areas.
Be realistic when making your plan. Obviously you shouldn't be spending more than you make but don't be overly stingy especially if you haven't had a spending plan before. When I first made my plan I went over quite often. It helped me to divide the month further into a weekly amount, and sometimes even a daily amount. Whenever I wanted to eat out I had to think that I only had $1.66 for the day unless I saved it up for an $11 meal at the end of the week.
|All that planning is worth it if you end up with a front yard like this|
My post today was inspired by this article. What is your savings plan like? If you need any help developing a savings plan or if you have any questions just leave me a comment below.
P.S. Sorry for the poor quality photos. They are all from college and taken with a low quality phone. I should have spent some of my extra money on a camera.