Your budget, as far as you’re concerned, looks good on paper. Check that, it looks great. Superb, in fact, and you wouldn’t change a thing. There’s only one problem: you still aren’t able to save money, and that’s a huge issue for you because you’re under the impression you’re doing everything right. But what may be the culprit is essentially what you believe to be no problem at all: the same expenses over and over again that should be deemed unnecessary. Take for instance that massive cable bill you’ve been toting around for years and years. If you’re paying hundreds of dollars per month that is equating to thousands of dollars per year, then you’re way off base with how you’re spending your money. Cable is a thing of the past, and that doesn’t mean that Comcast or Direct TV are going out of business any time soon, but rather you can enjoy entertainment on the cheap, so to speak, and start with streaming your way toward saving a ton of money. Hulu and Netflix, and their price points, are well documented and under the $20 per month mark, and that makes the decision to dump cable even easier. In addition, take out can easily take out any hopes of saving money. In fact, if the average person spends $10 per lunch and $20 per dinner and does that five days per week, they’re spending nearly $600 per month on food. Meanwhile, you also have a few hundred dollar budget for grocery items on top of the $600 that you haven’t even accounted for (and even if you have, you can easily pair that down to something less ridiculous). Spending $600 per month is like having a second vehicle, and that just isn’t going to fly with a budget that is supposed to be tailor made to save money. And speaking of flying, do you find yourself spending money on luxuries that, while wonderful, you really don’t need? Think of that $100 every other week massage you’re enjoying or spending that same dollar figure on clothing per month. That’s roughly $2400 and $1200, respectively, per year on items that, quite frankly, don’t need to be purchased with that sort of frequency and consistency. They still can be enjoyed, but on a lesser basis that every month or even every other week. If you want to treat yourself to a massage, do it. But, not all the time. If you need new clothes desperately, buy them, but just because you’re at the mall doesn’t mean you need something off the rack. A budget is only as good as what comprises it, and when that doesn’t add up to saving money, you certainly can’t make sense of it no matter how flawless you believe it to be.
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