In this era of inflation and budget constraints the most important of all the major aspects of living on a budget is to know the basics of budget planning and the tactics of being happy with what you have.
1. Enjoy For Free
When they say money can’t buy happiness they are right. Instead of planning night outs and evenings at expensive places just get to know about the movie’s local library that lends the movie at reasonable price. Bring the movies home and enjoy the movie while you sit on the couch you can treat yourself with some nice snacks. This is one economical way of being entertained. The home budgeting spreadsheet will tell how this entertainment method can help you be the best budget planner.
2. Keep The Tax Man Out Of Your Pocket
If you receive an income tax return at the end of the year then this is way too much that goes out of your pocket to the income taxed throughout the fiscal year. Change your with holdings with your employer and take advantage of every legal deduction available to you. Child care and dependent care credits, earned income tax credits and other deductions will put extra money in your pocket but it won’t be a bonus at the tax time so be careful and invest your money wisely for the tax time so that you can get the personal tax refund plus interest.
3. Save Money On Food
If you are aware of the tip of not shopping for groceries on an empty stomach then know another tip that will help you live on a budget. If you shop for grocery alone it will help you save even more. The supermarkets have children’s area where you can leave your kids and then shop alone and focus on budget planning. it has been proven through studies that shoppers buy more when they are dealing with children or a cranky spouse.
4. Save Money On Gym Memberships
If you want a perfect home budgeting spreadsheet then one thing is for sure that you have to cut costs from everywhere and one of the most important cost cutting activities is to eat healthy and then if you exercise then do it for free. Skip gym and join a group that meets up at a park and worksout or simply dust off your old bicycle and take it for a spin or swim at an economic rates.
5. Work more
Find a part time job or work some extra hours to make some more money and make the budget perfect for a perfect living. You need to plan the budget in a way that living in a budget is a happy living.