March 21, 2018

On budgeting

Financial stuff scare the shit out of me. Budgeting, planning for retirement, planning for vacations, and looking at my bank statement are just too anxiety inducing for me.

Also, tax day is coming up. Fuck.

But I stumbled upon a book called You Need a Budget, and it's kind of changed how I look at money now especially when hit with this realization:

The question we need to ask ourselves isn't Can I? or Should I? It's What do I want my money to do for me? Answering this question will help us cope with endless options, pressure to keep up with the Joneses, and the paralyzing fear that we're just not being smart with our money.

What do I want my money to do for me? works like a gut check that helps us see whether our priorities are driving our money decisions. When we know what we want our money to do for us, the options become a lot less daunting, and confidence quickly replaces the stress.

So I've been going through my expenses recently and Marie Kondo-ing stuff by unsubscribing from things that I don't really need. So that's giving me an extra $100 per month which is like ten extra hamburgers!