Budgeting for Financial Success

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Budget, Bank account, Poor

Hi everyone.  How’s it going?  I am doing well. Financial success is a great goal to have and budgeting is only one of the many tools you will need to use to get there!

So this is my fourth blog post.  I started this so I can document my progress on my ultimate goal of owning a boat, and is quickly turning into quite the fun little hobby.  I suspect my posts will start happening more than once a week soon.

Let’s talk about those dreams.  As I said, I hope to purchase my first boat.  What are yours?

Maybe it is to buy your first home. 



It could be that you want to own one of those sweet 2019 Hennessey Performance Velociraptor V8 Ford Raptor.

It could be anything you want!

Here I am talking about material things.  Your dream could be to meet your soulmate!  Fortunately, I already have.  What about those of you with children.  Your goal could be to make sure you have a college fund set aside for them.  We could go on and on with this.

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One thing that doesn’t change, for the most part, in chasing our dreams, is we have to WORK for them.  They don’t just happen!  One thing is for sure for many of us!  Reality differs from our dreams!!

What is holding me back?  My financial situation of course!  Who can relate to that??  LOL well most of us can!

My first problem is, I have always lived by a YOLO attitude!  Pretty much anytime I wanted something; I bought it!  I have finally seen the light and realized I couldn’t do this anymore!  So here I am with way too much credit card debt wondering why I did this to myself.

The first step in any financial situation is to create a budget.  I would say no matter how much money you make, no matter how much debt you have, everyone should have a budget!  The wealthiest person in the world down to the poorest should have a budget in my opinion.

According to a survey in October 2018 completed by Bankrate, 60 percent of Americans can’t even cover a 1,000 dollar emergency from their savings!  It also says younger Americans are more consciously devoted to saving compared to the older counterparts.

These are only a couple of statistics pointing towards the need for a budget!  If you were to search for personal budget statistics on your favorite search engine, you would find many staggering results.

Time to start a budget!

Have you ever thought about how much money you spend daily?  I have, and you know what, I usually can’t think of everything off the top of my head.  Also, if you have a family, you don’t know what they are doing.  I can sit here and think, and I tell myself that I don’t spend very much money on unnecessary things.  I know deep down that I do, but on what, when, where?

To know where our money goes, to start things off, I will be monitoring every single penny we spend throughout a month.  I will log it all, and at the end of the month, we can determine the areas we need to cut back.  (I have a feeling that the wife’s mini farm costs us a fortune!)

One other thing I will be doing over the next few days is researching online tools for budget optimization.  I am going to start with the website Personal Capital.  They have excellent reviews and the tools they offer appear to be exactly what everyone would need to create a budget.

See Cheap Tasty Meal Plans!

Look for my next posts detailing more of my budget process, and I will be diving deeper into different financial avenues for success.

Have a wonderful week and please, comment below with what dreams you are chasing and also budgeting ideas and what works for you.

Don’t forget to save money for an emergency fund! Check this out for an easy way to do that!

Survey Junkie

2 thoughts on “Budgeting for Financial Success

  1. You should look at Dave Ramsey. He has a free app called every dollar. We use that and it’s simple to use and great way to track you money. We are trying to be debt free and we will be in about two years. After our consumer debt is done we will throw all our money onto the house. Hopefully we will be completely out of debt house and all in 10 years or less. I would recommend downloading Dave Ramsey app and listen to his podcast. Lots of good information and we apply all his tactics and it works. I think we paid off $20K in 4-5 months

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