I am from the new generation where social media sites are popular. There are a lot of people talking about how they are going to work making that money, or clocking those dollars. Everyone is talking about they are working hard for the money. Very few people are talking about how they have their money working hard for them. It is nice to see that people are able to secure jobs that will help them pay their bills but at what point do we stop hustling for money and start making money hustle for us. I have read the book, "The Richest Man in Babylon," by George Clason and he talks about to budget your money. I put together a budge sheet as well based on what I thought was appropriate for my life. I was tired of hustling for the money and wanted my money to start hustling for me. I put together a budget sheet using google docs.(You can find a copy here https://docs.google.com/spreadsheet/ccc?key=0Am78C6ietmeKdGVhUldwRXR2TUc4dGtTR0cwYXdFYVE#gid=0 ) Out of every paycheck that I receive I take 70% to pay for bills, 5% for saving, 5 for investing, 5% for debt and 15% for personal. With the technology that we have available today this is quite easy to do even if you are not good at math. I use online banking which allows you to set up transfers to other accounts or pay bills directly online. You can set up recurring transfers to happen weekly, by-weekly, monthly or whatever is convenient for you. If you set your budget up on a schedule then you don't have to think about it much and your money will just keep growing for you.
I know a lot of people who have budgets for paying bills and there are different organizations that help families that are struggling with debt create a budget to make ends meet. Seldom do we set a budget for how we are going to make money or create more financial possibilities in our lives. Some people work overtime or get a second job to make more money but the income from that is limited to how many hours they work. Banks do not pay a lot of interest to you for using your money but it's a great place to earn more money on your money. Start making your money work for you. If you have a budget like the one I set up for myself putting away 5% of your paycheck every check can add up for future emergencies or plans that you might have such as a car, house or vacation. Let's say the bank gives you 2% interest on your money and you have managed to put $1000 away for the year. You have just gained $20 from the bank on top of the money you have saved yourself. This isn't a lot of money but if we are persistent in our efforts we can continue to have our money work for us and continue to grow. If you are like most people you are going to continue to go to work everyday to make sure that you have money coming in to pay your bills and feed yourself and your household. Make your money go to work everyday as well. If I am getting up to go to work in the morning then I am going to make sure my money does the same.
Eating a proper and balanced diet is important for our health. Creating a proper and balanced budget for our finances is important to our financial health.
