You’re in line at the Chicky Sticky (what I call Chick-Fil-A) and you are so hungry. You’ve already prepped the throwdown that this spicy chicken sandwich shall have. Even the large Arnold Palmer with light ice will have no chance against your thirst.
“Next in line, please.”
Oh my gosh. You’re up. You list off your meal, making it a large waffle fry because who doesn’t like more waffle fries, and you get prepared to swipe your app for credit on a new meal and give the cashier your card.
But, oh…oh no. This cannot be happening. That blaring DECLINED word sits staring back at you. You think, hold on. I know I had 300 dollars, at least, in my account.
You quickly go to your online bank, oblivious to the groans behind you, and see your money’s fate unravel. It’s gone. Hijacked by some crazed foodie who apparently buys junk food like a munchie pirate and buys a lot of stuff at Target. What has the world come to?
You, sadly, decline the meal and walk out dejected. Or if you’re trying to save face, tell the cashier to cancel so you can act like you’re about to give the bank a piece of your mind.
Welcome to the land of budgeting! We’ve heard of it, but to actively practice it is an entirely different taco. One lady that has a handle on it is Tiffany: the Budgetnista. She’s got a great site, Facebook, and budgeting course for those who want to save money to go on trips and splurge.
But if you need a simple, I-don’t-want-to-go-somewhere-else-right-now-how-to…you know we got you covered.
First let’s get you a blank scrap of paper, a pencil, or if you have it a calendar (dry erase preferred). Now let’s write down a few items.
- Bills and Tithes/Offerings You gotta write down the essentials. What do you know for a fact you need to pay. This is your phone, rent, utilities, credit cards, etc. Make sure to write down due dates as well.
- Food Budget out groceries. You may not know how to cook, but we’ll help with that later. Start out small with like 50 bucks towards essentials (let’s say top ramen, bread, and tacos).
- Misc Put aside a little money for your days out or for the movies you want to go to later.
- Savings Now take the amount you make in total and subtract the food, bills, and miscellaneous from what you make. Anything you have left over you can put in a piggy bank, or in a savings account.
Now if you see that your bills, food and miscellaneous purchases are more than what you make, consider cutting down on the nonessentials (no, not bills. The miscellaneous). Cut down on going out or doing extras and put that money towards the essential amounts.
Another thing to consider is that you have to be consistent and disciplined. Don’t scrunch it up by saying “Hey, let me use a bit of this for this.” You keep doing that and you’ll end up right where you started. At Chicky Sticky without your chicken sandwich, walking quickly away embarrassed, and then seeing that your account is overdrawn with an overdraft fee.
We’re better than, hmm. So, let’s act like the awesome millennial and get it together.
Got some other tips for budgeting? Talk a bit about it below in the comments and add a bit to the millennial mania.