🐷Last week I shared a GoBankingRates.com article I was featured in on socials.
The article is titled "Budget Burnout: What To Do When You Are Sick of Saving". but I want to dig a little deeper in case you're feeling burned out when it comes to your budget.
In order to be supportive, a budget needs to be realistic and functional for YOU, so if you are getting burned out by it, that tells me your budget is probably NOT realistic.
A budget is also a reflection of:
✨your values,
✨what's important to you,
✨what you desire in life,
which means if you're sick and tired of saving, it's time to reevaluate your budget to ensure that it still reflects the life you want to live - which includes life in the present.
Savings are, of course, future-oriented, BUT a budget isn't meant to make you give up everything you love in the present.
Here are some questions to help you reassess:
💵 What am I currently saving for?
💵 Do I have short, medium AND long term financial goals?
💵 How can I make space for spending in the present so that life is enjoyable and not all about saving?
When it comes to budgeting and achieving financial happiness, it's important to remember that the journey is just as important as the destination.
🌈Financial happiness can mean spending on things like your daily coffee or a weekend away - and deciding on where to spend and where to save is based on your values, what's important to you and what you desire in life.
This will probably sound weird, but savings are meant to be spent - whether now or later, and it's important to remember that.
Here are a few tricks to avoid savings burnout:
✅ Reward yourself. "When I reach $xx.xx in my savings, I will treat myself to a __________."
✅ Make it a game. Print our a fun savings tracker or enlist the help of a savings buddy or accountability partner.
✅ Reevaluate your savings goals at least once a quarter to make sure they still align with what you want.
✅ Buy something for yourself once a week or once a month just because you want it.
Do you ever feel burned out by your budget or feel "savings-poor"?👇🏻
