Manage Money with A Tight Budget

Manage Money with A Tight Budget

 

Often, the average salary earner garners just enough money to support and be on a break even with the numerous bills and fees presented to him. There is a common misconception of having to manage money with a tight budget in terms of being given the image of incapacity or lack of capability. However, in an optimistic point of view, having to manage money with a tight budget brings out the good qualities that a human being has in order to survive and exist in harmony with the demands of society. This only requires self-reflection and responsibility to focus on self-needs and thinking.

 

 

Tight Means Availability

Having a tight budget would mean that we are able to discern what things are available to us and allows us to properly identify and rank the things we need instead of what we want. In addition to that, we can choose and deliberate on the better benefits that we would be getting from choosing a better alternative than the one we would normally want.

 

The resources and basic needs of a person are already available in the society. Even as simple as the simple grocery items that we need for the maintenance of our homes is marketed in different brands and their respective offers. All we must do is know and understand the fine printing of each product and know what we really need at the right time.

 

Tight Means Better Responsibility

Having to deliberate on the hierarchy of needs we should be spending our hard-earned money brings out and develops our sense of responsibility. This responsibility ranges from the actual management of money for needs rather than wants and applies to the choices that we make to manage our existence. We are also developed into thinking about what we must do at certain stimuli presented to us. In this aspect, we learn to juggle and balance a very complex management system and practice perfection and efficiency from within.

 

 

Tight Means Better Management Practice

Being able to practice proper management would bring about a more efficient means of existing without much problems of having to look after things other than what we expected. For example, a credit card should be used to acquire things that are not accessible for normal acquisition or when an emergency is at hand. Still, having this power to have advanced “money” in the form of a loan does not mean that we should be using it as normal as if we had the actual money. Remember that this is borrowed money and therefore should be paid back. That is why sometimes a credit card is better left at home to lessen the chances of mismanaging money due to a subconscious thought that we can bend our budgeting anyway.

 

Tight Means A Means for Proactive Goal Setting

Human nature dictates that when provoked, a human fight back. This is a common and usual occurrence for any aspect that deals with human existence, including managing money for survival and living. When a human is presented with a tight budget, he is presented with a limitation that restricts his freedom. A normal response would be that the person finds ways in which to ease up a little bit of restriction one step at a time. This should ideally be the flow of thinking of proactive goal setting.

 

Have a plan of projecting yourself several years in the future and look at what you want and need, and plan. This also includes having to find ways of earning a bit more to add to the efficiency of productivity over time. Remember that the way to manage money with a tight budget is to look at it as a stepping stone to look for greener pastures, not as a wall to block your aspirations.

 

We hope this information was beneficial.  You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals.  Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Manage Money Without Depriving

Manage Money Without Depriving

 

It is a fact that there would always be a system wherein we will not be getting everything we want because of financial limitations. In short, we cannot have everything at the instant we would want it. There would have to be planning or if not, some careful deliberation about whether we would be getting the item we want or not. This is because sooner or later, finances would always fall short of the expenses. That is why we manage our money and budget for the things that we would want to acquire. Nevertheless, when we manage money without depriving, we would want to be able to enjoy a certain degree of satisfaction and fulfillment without compromising our savings.

 

Deprivation would mean curtailing our freedom to the point of not being able to enjoy some of our hard-earned resources. Though it is an irony that we are already limited with finances and yet would not want to be deprived, a balance of enjoyment and requirement is what dictates the existence of deprivation if ever.

 

 

Earn More

 

One of the most common means of people to raise the level of financial freedom is to earn more by working more. However, this is limited with the many social factors which include the degree of educational attainment, time, job availability, and often, personal accomplishments.

 

Some may get lucky to be in the lighter side of personal assessment by the human resource personnel and be accepted for a job despite the incomplete compliance of requirements. There are also some who, despite their educational attainment and personal socio-civic accomplishments, are still not able to land a job they desire due to a personal prerogative of the recruiter to not accept the applicant.

 

What this presents is a semi-random chance of a person to fully comply with all the factors which constitute the landing of another job than the current one.

 

Save More

 

A classic means of how to manage money without depriving is to focus on saving the excess money that flows in the household after deducting all the other monthly expenses and bills. Saving money means having money when the need for an important expense is required.

 

Saving more would merit to having more extra cash, but also poses a paradox in a way that when you save money, you are already keeping that for something projected as an event that could happen. In this manner, there would be a difficulty in using that fund intended for an important thing to be spent on something that would just be for leisure and satisfaction.

 

Learn to Be Content

 

The degree of limitation and deprivation on a person’s financial resources are dictated by the personal level of satisfaction. A person’s idea of contentment is the same as his perception of what he needs and wants. A person who is “want” oriented will always be seeking for things that may already be unattainable at the current financial level and would feel deprived of such. On the other hand, a person who is “need” oriented would be able to do away with leisure and may also feel deprived deep inside of finer things that may have been acquired.

 

The key to managing money without depriving is to learn to already accept what is possible to be attained and work from there. If there is a rather unattainable thing to spend money on, then that is the time the person should plan and think about the means to reach that and make that attainable.

 

You can have anything you want if you are willing to put in the time, effort and plans to get to your goals.  Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!  In closing, We invite you to share your comments on this subject and the other posts. If you find the information useful, Like & Share us on Facebook, Google Plus and other social media platforms.  Remember to keep an open mind and Shift 4 Freedom.