How To Remember Celebrations When You Create A Budget
Do you struggle to find money for those special events that you want to attend but can’t, because you have forgotten to include celebrations in your budget? This is easy to fix; it will mean that in future you will have money for all the celebrations that come round, it won’t be a limitless fund, unless of course you have access to a limitless supply of money. Sometimes it does mean that you have to make choices and work out which celebrations are the most important ones for you and your family.
Why Remember Celebrations
It might seem like yet another category to add to your budget, but if it means that you don’t forget a celebration or an event it is well worth adding this category in.
Choosing Celebrations And Taking Control
It is very easy to forget the full amount, which you can spend on different areas in the course of a year. If there is one category that many people forget, it is to include celebrations when they create their budget. This will leave people either borrowing from other areas of their budget, to pay for the celebrations or they put them on some form of credit.
This is not the way to pay for celebrations, in the end it will cost you more, especially if you used some form of credit to pay for the celebrations; you will be paying interest on top of the amount you spent, increasing the actual cost overall.
Taking control of your money and including all categories which you use and spend money in each month, or at some point in the year, will mean that when a celebration is coming you know that you have the money put aside for some family entertainment.
Preparing A Budget That Includes Celebrations
If you are preparing a budget, it is important to think about the different celebrations that you and your family like to participate in. Knowing this will help you include a category in your budget that allows you the control and doesn’t stop you having fun.
If you look at the bigger picture, there isn’t always the same expense every month; however, if you choose to put away the same amount into your celebrations category it does mean that you can either save less each month or grow your celebrations category even bigger.
By breaking down the costs of celebrations over the course of the year makes it easier to manage, and each month you will have the same amount going into your celebrations category making it easier to budget each month.
Why Create A Budget
If you are struggling to understand how important a budget is, even if you have loads of money coming in each month, you might be surprised at how controlling it can become if you start to take control of the money you spend. You are then able to make the money work harder for you, it doesn’t matter if you are a millionaire or struggling each month with the amount you have coming in; the important thing to do is to make every penny work as hard as possible for you.
You are then able to make the right decisions about your financial future, by having a budget or a spending and savings plan in place. It allows you to get the fuller picture and can help you make those important financial decisions that affect your long-term financial goals.
Therefore, it is important to make those memories with your family and have the facilities with which to work; it is easier if you plan for this eventuality. By adding in this category, it gives you the power to do the things that are important to you, like celebrating an important event.
This is a great tip! You are right, birthdays and other minor celebrations can creep up on you. It is a great idea to set aside a monthly sum for these, especially if you have children who are invited to just about every party going!
Totally agree, being prepared in putting money aside for celebrations is important. 🙂
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