Friday, 24 January 2020

Budget Many, Spend Once

One of the advantages (and mayhap disadvantages) of my Payperiod Budgeter is that I can see what can happen many paydays in advance.

This lets me see patterns and explore what would happen if I saved in this way or I saved in that way. 

I can see what impacts a certain “savings philosophy” or course of action would have on my bank accounts and my overall savings goal.

Moreover I get to see how much would accumulate in each of my bank accounts and how fast it would do so.

I also get to see how tight my budgets would have to be in order to make this or that savings targets.

It is through this practice that I get to spend my money in many different ways before I actually spend it.

I can leave my budgets in one way for a few days as I think over if I like the direction that my budgets are currently taking me in.

If I don’t I can easily change them to go in a different direction. 

This way I get to decide what is the best way forward for me as I reach for my overall goal of establishing my homestead. 

So, budget many, but spend once, as it were.

As always: Keep your head up, your attitude positive and keep moving forward!

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