Being on a tight budget allows me some financial and stress freedom. I know for some people the words BUDGET and FREEDOM don’t normally come hand in hand but for me they do.
I am someone that try’s to be smart with money. I like to know where every cent goes and make sure I’ve budgeted every living cost in. For me it’s important that I have money set aside for Birthdays for my children, Christmas, General clothing that we might need etc. So I put in place a jar system to help me with that.
MY 5 JARS
- BIRTHDAYS
- GENERAL (Clothing, outings etc)
- SAVINGS
- EMERGENCY (for anything you might not of remembered to budget in)
- Christmas (My latest addition to my Jar System)
Once I’ve budgeted in every other important cost, I then use any amount left over to go towards these jars. Even if it’s a small amount, it still adds up over time. Having this system in place has saved me on a number of occasions. When the kids need new togs, or its school holidays and they want to see a movie, I then dip into these jars to cover the costs. This gives me freedom in knowing that all costs are covered and I’m not going over budget. I only work with the money amount that enters my bank account. I don’t own credit cards and I’m not in any debt.
So if you think this is a great idea, try putting it into place in your home. It might relieve some financial stress.
Happy Budgeting Beautiful Mums…