Sometimes, the word ‘budgeting’ sounds boring, rigid, unfavourable, and isn’t fun. This means no matter what, you can’t escape letting go of a part of your earnings. However, contrary to this notion, there are fun ways to budget your finances.
Have you ever experienced a situation where you couldn’t understand how your money went by quickly in a month? Most of us have, and this is because we haven’t mastered money management and budgeting.
Money management is a huge task that can seem complicated and challenging. What are the fun ways we can manage our finances, as opposed to making them look like a boring hole that one can’t escape from?
1. Set goals
Your goals must be easy to understand and should be fun at the same time. To achieve this, you need to know what exactly you’re saving for, and you could create a vision board. Is it a new laptop? Or for academic expenses? It could be a ceremony or a vacation. When you know exactly what you’re saving for, you’re motivated to save and manage your money in appealing ways.
When you know your goals, you can create a vision board with pictures, affirmations, quotes, etc., that align with them and make them more appealing to engage with.
2. Treat saving as a game
Another fun way to budget your finances is to treat saving as an exciting game. How can you achieve this? You can participate in a saving challenge, individually or collectively. It could be daily, weekly or monthly, depending on your earnings.
This will structure your spending by helping you decide what is a priority and what is not.
3. Reward Yourself
When you achieve a goal you set for yourself, it’s good to reward yourself. This is yet another exciting way to budget your finances. You have an end goal in mind: when you see your goals through, there’ll be a reward waiting at the end.
So, when you meet your goals, do well to celebrate them.
4. Track your progress
There are different fun ways to track your finances. You can use a scoresheet, finance and budget tools or apps, or draw graphs. Just ensure that you create structures that will simplify budgeting and help you track your progress over time.
5. Learn and be accountable
The thrill of being accountable to someone or a group of people about how you manage your finances is unmatched, especially if they are on the same page as you. Also, financial literacy is critical. It’ll guide you on the right financial path to follow. Watch videos, listen to podcasts, read write-ups on finance, etc.
Above all, remember that what you want matters in the grand scheme. Enjoy the process and create fun ways to budget your finances.
