Posts tagged dave ramsey
How to Save Money on Entertainment While Still Having Fun

One of the easiest ways to save money is to cut back on your entertainment budget. However, if you don’t do this mindfully, you’re likely to get stressed out and frustrated by the entire process, and give up on budgeting altogether.

Today I want to give you some ideas about how to have fun without breaking the bank.

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Why Budgets So Often Fail (Part 1)

If your plan isn’t built around your life, and assumes that you’ll have one, it’s no wonder that you don’t stick to it at all, and throw up your hands saying “this budgeting thing is impossible! I give up!”. Instead of giving up on budgeting, change your budget instead. If your budget assumes you spend $20/month on entertainment when you’re used to spending $200/month, you’ll give up. In order to not give up on budgeting entirely, what about cutting back to $150 or $100/month instead? You have to build your plan around your actual life and what brings you happiness, instead of building your life around your plan and being miserable all the time.

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Burnout & The Power to Take a Break

Do all of those choices make great financial sense? Absolutely not. I’m sure that Dave Ramsey would tell me that I’m making poor financial choices. However, they were truly required for my emotional well-being, and I don’t regret them at all.

Has it been difficult to see my bank account balance decrease knowing that there’s no money coming in? Absolutely. But I had a 6 month emergency fund in place before I started cutting back, and now my savings can get me through even more than 6 months. For me, this absolutely was an emergency. Even if something is a bad financial decision, it still might be the right decision for you.

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Why You Need a Car Repair Fund

My total cost for 3 brand new tires? $292.79. My car repair fund that I've been diligently contributing to every month had more than that in it, so this unexpected $300 expense was an inconvenience, not an emergency. Even if the repair fund only had $100 in it, it still would have been an unexpected $200 instead of the full $300 expense. Any amount that you have saved for these, let’s face it, expected, expenses, the less they will be able to derail you financially.

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