So many people think that if they are living on a budget or paying off debt, then they have to live with their financial belt pulled so tight that they don’t have room to breathe, but Crystal from Budgeting in the Fun Stuff tells us that it’s just not true.
“When I was a kid, I would buy something once in a while and put everything else in a savings account,” says Crystal about her spending and savings habits. Being on a budget is all about balance, because if your budget is too strict, you’re less likely to stick with it. Setting a budget means that you may live on less, but you don’t ever have to live without. Budgeting is about being able to afford everything that you want – including savings, personal spending and living expenses.
Good savings habits start with a comfortable budget.
Saving money on a regular basis is a very important part of creating a comfortable lifestyle and planning for your future. The best piece of advice that Crystal can share with readers is to start saving for retirement as soon as possible, even if you are young and still in college. Budgeting in the Fun Stuff is a financial blog about the next financial step.
Crystal and her husband both contribute the maximum to their Roth IRAs each and every year. They both save for what they want including both short term and long term goals. “We automatically set aside money every month for certain targets. Right now, $500 a month is being put into a savings account for a new car.”
If you don’t have a green financial thumb, don’t worry! You can learn.
Crystal has always been a saver because she learned about money at a young age. So many adults make financial mistakes because their parents didn’t talk to them about money; thankfully, Crystal learned the value of money from her mother at a very young age. When she got older, Crystal was pleasantly surprised that there is a whole online community who also loves learning about money. “I love talking about money [because] it’s fun,” says Crystal. “When I found out there were other people who loved talking about money too, I was in heaven!”
Admittedly not everyone starts with good habits, but as most financial experts will tell you, it’s never too late to start learning about money management and making changes to your financial life. Crystal started Budgeting in the Fun Stuff in early 2010 after commenting on other blogs for over a year. She jumped into the online community of financial bloggers, savings enthusiasts and other people who wanted to share their personal finance stories.
Motivate yourself to save money with SaveUp!
Online communities – such as SaveUp – are a great way to learn about money management and good financial habits.
If you need a little motivation to start saving, join SaveUp and get rewarded every time you save money instead of spending. You can win great prizes such as gift cards, student loan debt repayments and cash! Visit SaveUp now and sign up for free.
This post was written by Tahnya Kristina, a Certified Financial Planner and professional financial writer. She enjoys helping people manage their daily finances and become debt free. You can follow her on Twitter @TahnyaKristina.