Struggling with Budget

Q. Hi Josie, my husband and I are really struggling putting together a household Budget. Any suggestions?

Josie’s answer: Maybe you are setting unrealistic goals. Can’t believe I am saying this, but maybe you are foregoing too many luxuries and you are extremely bored.

Just like dieting, if you ate that piece of chocolate cake, it doesn’t mean you have to throw away the whole diet.

For example, you don’t have to give up going to the movies, just go when they have cheap nights. Your budget must be constantly fine tuned and it is normal to underestimate what things cost. Also, don’t do it alone.

There is no point budgeting if the whole family is not involved. If you are really sick of it, set up an account where 10-20% of your salary gets directed to, and live off the rest. This is called an auto-budget.

You will be surprised as to how successful this strategy is. You will automatically adjust.

Don’t forget that the above information is general in nature and not specific to your goals and objectives. It is recommended that you seek personal financial advice specific to your needs.

Josie Kay.

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