Ways to Reduce Your Budget Without Feeling the Pain

Ways to Reduce Your Budget Without Feeling the Pain

Make a list of your priorities and start with those

Make a list of your priorities and start with those. Don’t be all over the place, focus on one thing at a time and you’ll be able to finish it. I started with shopping, then the view above my computer. The rest of what I bought I bought to fix and it didn’t take long either. I didn’t know what I was doing and I was guessing on lots of things.

Get your cash together by the first week of classes. This is the most important part. Pay your rent, make a budget and start saving money. Cash flow is king so don’t let a little thing like not having cash get you into big trouble. A hundred bucks a month is NOT worth having to move in another state to find another job.

Of course, you CAN move to another state if you want to, but you need to save that money and get your rent (and other bills) paid. If you don’t have a great plan of attack and don’t know how to get your bills paid, then you will ALWAYS have no money to buy something. There are lots of great resources for that such as A Voice in the Silence. www.avoiceintherun.org.

Make some goals for yourself and stick to them. Also review your expenses and make sure you are paying your bills on time every month. The whole point of making $300-400 a month is so you can have a cushion in case something happens like you lost your job or you couldn’t make the mortgage payment. Also, as part of your progress check mail would be a list of contractors or handyman that you have used and love. This is your list of people to call, give regular updates and you will need this list in the future.

Find ways to save money without feeling the pain

Find ways to save money with Jyngles – Forecast Your Budget without feeling the pain of cut corners.
  • Focus on high ROI projects
  • Build a relationship with the hard money lender
  • Being a real estate investor doesn’t mean you can’t achieve financial goals through other means
  • Find your start-up investors (and work with as many as you can)
  • Build long-term relationships with real estate agents & brokers
  • Don’t beat yourself up and always be trying to break new ground
  • Compile spreadsheets and assign them to different tasks
  • Focus on the biggest job to start and work your way through from there

Prioritize your goals, and focus on meeting them one at a time

Your goals can be as big as you want them to be, but if you don’t break them down into smaller pieces, you might be setting yourself up for failure.  Examine your goals and break them down into smaller, bite-sized pieces.  This helps you focus on one goal at a time. What do you think your top long term goal is?  If it’s to be financially free by 35, then break that down into your monthly savings and the combined savings for the next 3 years.  Figure out if it’s realistic and then break it down further.  What do you also want to be doing every single day to help you get there?  Knowing what you want will help you structure what your life looks like.  What actions are required to get you there?  When are you going to do it?  When do you know you are there?  Know what success looks like and then rinse and repeat the steps above.1.  Make a budget plan and know what you are working with.
Your budget is the blueprint of your financial house.  If you don’t have a clear picture of where you want to go, how do you get there?  Do you need to sell?  If so, what do you call it?  At what price?  Can you afford it?  What is the alternative – skip the wait and buy now?

What are your long-term goals?

Where will you live, work and live?  Where do you want to travel?  What global events would you like to see? If you quit your job tomorrow what would happen?
Resources, places and people you need to know – who do you need to know today?  Do you need money? matches are great for this.  Match.com is a great site for finding forever mates.  If you can’t match instantly, bands who share common interests and inspire each other are worth checking out.  Are you serious about your goals?  Do you believe in them?
Do you need a job?  Might want some training and a mentor.

Use small wins to keep morale up, and keep you motivated

For a lot of people, work can feel like an uphill battle. No matter how hard you work, it can be difficult to feel like you’re really making a difference. That’s why it’s important to keep your morale up by celebrating the little wins you have at work. To take those victories further, determine what you can do personally each week to shine and feel good about yourself and your work.
Have a plan in place to reach your goals by communicating with a colleague Not every week will have the same number of opportunities, but make sure you’re aware of the ones that do come up in advance. Having a meeting with a colleague can go a long way for you when it comes to working smarter and making some great connections.
Put dates into your calendar and/or time blocks into your ‘to do’ list with the amount of time you have and how busy you are, there may be a lot of things that can be put on your to do list that isn’t directly within your budget. For example, let’s say you have a three-day work block, so normally you would have a three-hour window to finish your projects. But that doesn’t mean you have to stay up until 4 or 5 a.m. on Friday nights to finish your project. Try convincing your manager to give you a longer work block or even a work weekend.
Remember not every project you take on is going to be a success If you’re new to a job, it can be easy to fall into the trap of always trying new things and hoping for the best. Creating some boundaries in your work can help you stay on task and know where you want to be heading. You may be surprised to learn that what you do every day that goes unnoticed by others didn’t really have a lot of impact.