One of my goals this year, creating a budget, and I've done exactly that!
Here's how I did it.
I labeled ... envelopes:
Each week I take 10% of my earnings and give them back to God.
My goal is to save at least $150 a month (insert link for January Goals). I've already saved almost $300 this month. This makes me giddy, because I thought it would be hard, but I've been doing so well with my tips (I'm a waitress), that I've amost doubled my goal.
I have a bit of debt. I'm going to be honest. It's not a huge amount, but it is still there. I was already able to pay off a store credit card, and make a good payment on my other card! I should be done in just a few months.Then I can concentrate on my loan. Thankfully, I have a stipen to pay for a lot of my loan! God is awesome!
Every month I have a few bills that need to be payed for.
I'm Thankful that I don't have many bills to pay for! The rest of the money helps out in other areas. I always have some leftover! I'm thinking about moving to a gym that is closer! That would be just amazing!
This category was quickly depleted at the beginning of the month because of my lost cell phone in Puerto Rico and a new choir dress for my choir. It's a required dress. :(
Oh well. I hope this to be my on hand savings. For any needs that arise.
This is self-explanatory.
Fun and gas get a very small percentage each week, but, I try and make my fun money last. Fun money is for outings, coffee, concerts, magazines, books, etc. Just as it sounds.
I don't know if this is the correct way to do a budget, but it works for me so far! I'm so glad I've implemented it. Sadly to say, this is the longest I've kept up a budget and it's only been 3 weeks!
Do you have a budget? How do you do it?