As always, this blog is about the nitty-gritty truth about a millennial girl trying to figure out how to adult in this big, bad world.
So, here it goes… I’M TERRIBLE AT MANAGING MONEY.
I always have been, actually.
I see a cute pair of shoes, a friend invites me to dinner, Argos is being an extra good boy – I can’t resist. That money is being spent.
When I bought my car in December, I knew that I had to buckle down and learn how to manage a budget better. After all, I have this car payment now!
What a better time to start bettering my fiscal management skills than right here in the new year!?
After all these years at Score, I finally took Matt’s advice and used his break-even sheet to help me figure out what my budget was. How much money do I spend each month on necessities like rent, groceries, gas, bills? How much do I spend on fun? What am I saving, if I’m saving at all?
One of the biggest perks of working at Score is that management truly focuses on how they can work to develop their entry-level employees. They provide tips, and ongoing guidance on how to manage your budget and afford the lifestyle that you want.
The task was actually pretty daunting, but I poured a glass of wine and made myself do it. Quite frankly, you should probably do it too. It’s always a good thing to double check your expenses, and make sure that everything is in order.
I recommend starting with a list of all of your expenses. Netflix, your cell phone bill, dog daycare – EVERYTHING. Figure out exactly what you spend in a month, compare it to what you make in a month, and go from there.
It’s important to put a little aside each paycheck in your rainy day fund. You never know what is going to happen (like a surprise $400 vet bill because your dog swallowed some rocks….)
Matt always tells his team when they are talking about managing money that you can’t forget to have a little fun. I withdraw a set amount of cash per month for my “fun” budget, so I’m not missing out on a Sunday brunch, a girls’ night, or buying Argos something special. You still have to live your best life, even if you’re on a budget!