We have never paid for cable TV, not because we think that it is a bad thing, but because that we watch so little TV, that it is not worth it for us. We watch the news once in a while and believe me, life is much nicer without… On occasion I watch an episode or two of a TV series, but that is about it. Dear Husband is much the same, maybe except for World Cup times like now 😉
The budget is a tool that can be used to set our financial goals, like things we would like to save up for, but our priorities should certainly also play a huge factor when planning that same budget.
So what do I mean by that? I mean, that when we are planning our budget we should make very clear what is important to us and what not so. In that way it will be easier, and more effective, to make the decisions on where we can cut our expenses and where it will not be worth it, because it will be too hard to make the change.
The same way that we are all individuals, the approach to the budget should also be individual. A budget will and have to be fit for you, your way of life and your needs. The same way that not two people are the same, there will also not be two budgets that are the same.
So sit down go over your expenses and start thinking about each separate category (for example the list of expenses categories mentioned in my last post) in terms of: How important is it to me? How much can I cut off it?
If you need to cut down, you need to cut down, but the decision of where to should be yours!
So tell me, what is important (and not so important) to you when it comes to expenses?