The Tenth Budget of the Year in Review

As the month of November begins, it’s time to share the tenth budget of the year in review, a money series I started at the beginning of the year where I share my budget and how I manage my money. The common theme I have noticed in my comments over the last 10 months is the desire by people wanting to start budgeting but not actually doing it or others who do some version of budgeting. There is still a big stigma against budgeting in that people still think a budget is restrictive and stops them from having fun which is not true.

When you budget, you are telling your money what you want it to do and that could be anything you wish. You could instruct your money to pay off your utility bill by setting up direct debts to the utilities company better yet you can instruct your money to spend on something that you truly want by keeping that money as cash in hand or in your account ready to purchase the item. Budget so that you are not stressed about not knowing where you money goes the minute you get paid. I love budgeting because I get to give money a job to do and don’t need to worry about it afterwards.

The Tenth Budget of the Year in Review

The tenth budget of the year in review, aims to share how I manage my money, educate you on how you can manage your money and inspire you to start budgeting regardless of your income. If you are new to budgeting and need tips on how to begin then check out my YouTube channel where I share month in and out how I budget. You can also check out my Etsy shop for the budgeting trackers that I use and highly recommend when you are budgeting. The budgeting trackers don’t need to be fancy, they just need to make sense to you and are easy to use.

The trackers that I use are simple enough for everyone to use and above is a snippet of the tenth budget of the year in review where I am happy to say I saved over 50% of my income and I spend less that 5% on variable spending. Like most people seeking financial freedom, I am looking to retire early so I am saving and investing more so I can retire early. And by retirement I don’t mean I stop working completely but rather have the freedom to choose when I want to work, where and for how long. The month of October was a fast paced month but thankfully I did not need to spend too much money on unnecessary expenditures.

Looking back on the month of October, I could have done better with my food budget, even though I did not overspend, I could have budgeted better especially as I knew I would be having guests over. One thing I am thankful for it that I was able to send a lot of money towards my savings and I was able to achieve my goal of saving £10,000 in my emergency fund. For the month of November, I would like to spend some money enjoying my trip and directed the rest towards my goals than on unnecessary expenditures. I am looking forward to just relaxing in the sun, drinking some cocktails and washing away the stress of life for a whole 10-days.

Other Money related posts you might have missed

• Important investment accounts you should know – as an investor myself I thought it paramount for me to share investing knowledge. Everyone needs to know important investment accounts everyone should hold, which are tax efficient and which will benefit you in the long run.
• The best trading apps – knowing which investment accounts is just as important as knowing which investment platforms are available in your country/region and which serve you best.
• How savings challenges can help you save money – having just achieved my £10k goal, I can unequivocally say that participating in a savings challenge helped me stay motivated and on track to reach my target. There were many times I wish I could give up but I did because I was holding myself accountable.
• How to prevent overspending on holiday – as someone who is off on a holiday, I thought I share tips on how I make sure that I do not overspend on holiday and how you can too. It all boils down to your planning and managing your money well.

I am glad that the month of October is finally over and we are one month closer to Christmas which I am looking forward to spending more time with family and spending less money. But before then, we still have one more month to contend with, manage our money and stick to the budget. How did you manage your money during the month of October? Have you started your Christmas shopping yet?