Budget on Very Little per Month

Do you budget? Try for $2.00 per day on groceries. (Extreme!) If you live close to work, school, bank, library, and every where you go, try for $8.00 a week in gas or less- but don’t damage your car-spend more if you the fuel. I live uber close to my places and spent about $25 last month in fuel expense at a wholesale store membership. I just began trying to budget on groceries at $2.10 a day because I saw youtube videos of people eating of $5.00 $10 a week 21 meals. (I am unable to do it without pasta and/or the clearance section)

What about clothes? You can shop at second hand thrift stores and garage sales or use clothes you have to organize a clothing swap with your friends, (Don’t forget dollar discount stores.) But is a budget right for you? Maybe you like spending money and want to go spend galore. When you exercise your budget you can increase your wealth. You might end up having more money.

If you enjoy spending money, relish in saving money. Save a percentage of what you spend. If you had a nickel for every dollar you spent you’d be a millionaire, right? Or would you? Try it. Try saving a nickel (5%) for every dollar you spend. If that is too little or too much after going at it for a week or two, adjust it to .01 cent (a penny-1%) for each dollar or ..10 cents (a dime-10%) for each dollar. Do this to catapult your regular savings as a major catalyst in addition to your automatic drafts. FYI- There are also many round up programs like BBVA bank offers you spend $3.25 they round up to $4.00 and you save .75 cents in your savings account. But also, if you purchase a lot of .99 cent items plus tax that is over a 90% savings rate. It will be a huge jump in your budgeting and savings goals if you can accomplish any of these. If you haven’t budgeted before, maybe you will begin soon.

I am not a financial advisor nor do I claim to be one. You should seek a financial advisor or tax accountant for your own budgeting needs. This is for your entertainment purposes only.

Written by: Rosette Jones

03.11.2021