I'm proud of myself. I created a budget today for myself and I've never created a budget, EVER (shame on me). Tell the truth, shame the devil. Lately, I've been overdrawing my bank account like crazy. I wasn't balancing my checkbook and I haven't been using a monthly budget. I was swiping my debit card as if I didn't know my account would eventually reach zero or a negative balance. I was spending, spending, spending. Needless to say, I don't have money to waste. I can't afford to get overdraft fees. My budget is already in the red just by including all necessities with no entertainment. I've decided to be more responsible, more disciplined and stop thinking I need everything I see. Hold me to this, I'm gonna start being more frugal, saving and investing money. I don't need a new outfit every time I attend an event. I have enough clothes, enough shoes and enough purses to really mix & match some things. You're gonna see more pics via TwitPic and/or Facebook with some of the say outfits and I don't care. I'm gonna now start saving, investing more and spending wisely.
I'm blogging about this to tell you all (my readers) how important it is to budget and save money. No, we do not need everything we see in the store nor do we need everything we see someone else with. It's better to be prepared for a rainy day than to have all the Gucci's, Louie's, Louboutins, and things of that sort in your closet. At the end of the day, what's their value? Do they bring you back a high return? If there were an emergency, a year later, can you pull money out of it as you do a mutual fund, stock or a CD? I think not. Let's think smart.
Create a budget for yourself (if you haven't already done so) and keep an accurate balance of your checkbook. We do not want to overspend. I used to work at Bank of America when I was in college and they always told us "Overdrafts are how you receive your paycheck. Don't allow customers to ask you to credit their overdrafts."
Again I say, lets think smart!
