Put the “BUDGE” Back in Your Budget

From time to time it may seem as if things get out of control with your budget and you find yourself in a predicament where there’s just not enough cash to go around. Here are two tips that may help you regain some wiggle room in your finances.

Go on a self imposed spending freeze. I happen to be on a spending freeze for the month of April. It’s a precautionary measure I implement from time to time to make sure that…first…my spending habits haven’t gotten the best of me and …secondly…to make sure that I keep a financial buffer between myself and the next unexpected expense. A spending freeze will be defined differently for each family. for one it may be forgoing the purchase of anything non-essential while for another it may be skipping a months worth of trips to the hair salon.

Make more money. This is my husband number one strategy for getting back on track and it’s by fare the quickest way to gain some wiggle room. I am always the first one to go on a spending strike while he on the other hand is the first to put in extra hours at work.

Working extra hours or earning extra income is a sure fire way to help add some wiggle room. This is not usually a long term solution but a plan B that can be implemented to help create an extra flow of revenue. In order to accurately make enough extra money, I must have an idea of how much money it will take to alleviate the temporary financial pressure. Once you figure out the exact amount of money it will takes to recalibrate your finances you can then determine how many extra hours you’ll need to work to reach your goal.

When you combine these two methods you create a recipe for success. Whether you implement one of the strategies or both, you’ll be so glad you did something when you have some extra money at the end of the month.

What are some strategies you use to put the budge back in your budget?

This is part 3 of a 5 part debt freedom series.
Part I- 5 Habits That Are Probably Keeping You In Debt
Part II- Is Keeping Up With the Jones’ Keeping You In Debt?
Part III- Put the “BUDGE” back in Your Budget!
Part IV- Guest Post: My Financial Freedom Strategy
Part V- 4 Valuable Lessons I Learned from Being in Debt

Comments

  1. says

    Here are my top 5 Ebay Tips.

    1. If the item is not of much value always start bidding low.
    2. If you suspect the item is of value, do your research, and then do some more research before you list, people like to take advantage of unexperienced sellers.
    3. Great pictures are a must!
    4. Describe your item to the tee and make sure you disclose any and all defects.
    5. Your feedback is VERY important on Ebay, do everything you can to ensure the customer is always satisfied. I know people might think it’s no longer that important, but who would you rather buy from, someone that has 100% positive feedback or someone who has 96% positive?

    Ooh, I think I may work this into a blog post! lol 🙂
    Melissa´s last blog post ..We Use Coupons Wednesday!

    [Reply]

    The Proverbs Wife Reply:

    @Melissa, I think a blog post would be a great idea. Especially for beginners who have never even set up a sale. I almost got a little overwhelmed with all of the choices I could apply to my item. I have a pair of brand new Nike Air Shox on Ebay with no bids as of yet but it was worth a try to sell them and it will allow me to get some experience with Ebay.

    [Reply]

  2. says

    Spending freezes are my way of dealing with this. I can’t work extra hours at work, so that’s out. I keep wracking my brain for some sort of entrepreneurial idea, but so far…I got nothin!
    Erica´s last blog post ..Who are you

    [Reply]

    The Proverbs Wife Reply:

    Have you considered monetizing your blog Erika? Here is a link to a list of some of my affiliates (http://aproverbswife.com/affiliates-2 ). Monetizing is a great way to earn money from your blog. It’s something to consider 🙂

    [Reply]

  3. says

    Yes, I either have a garage sale or list on ebay, depending on the items I have to sell. I also put a freeze on my spending every once and a while too!

    [Reply]

    The Proverbs Wife Reply:

    @Melissa,

    I’ve had (2) garage sales in my lifetime and each time they have been a huge success. They are a great way to get rid of some things and make extra money. I’m am dabbling with selling on Ebay and Craigs list as of recent. I’d love any tips you may have.

    [Reply]

  4. Christina Kelley says

    I like having garage sales or selling stuff on Craig list for extra income.

    [Reply]

    The Proverbs Wife Reply:

    Me too Christina. I did really good at a garage sale last year. It’s a great way to put the “budge” back in any budget.

    [Reply]

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