Hey in these days and times, we have to learn to live within our budget. But not only live within our budget, but learn how to ball on a budget! With the high price of gas, housing, food and other goods, keeping an eye on your money is key!
Follow these budget-balling principles!
Be a good steward
Now listen, balling on a budget requires being a good steward over your money. Understanding what you can or cannot afford is key! Yes, I know you want the $1,000 designer purse or the designer shoes, but if your budget screams Target you simply shouldn’t be at Saks (unless your item is really affordable)!
Ask and it shall be given
I like to call this principle, stand up for your money! Sometimes we settle for a final price, without negotiating. For instance, if you are seeking housing, ask the landlord if the rent could be reduced or if you are not satisfied with customer service, ask for a credit on your bill. Sometimes we have not because we asked not (James 4:2)! But the power is in our mouth, simply ask and you will be amazed at the amount you are able to save.
Never pay full price
I don’t care what it is, commit to never pay full price again. For every item you purchase there is someone, somewhere selling it for cheaper. This includes housing, cars, tech gadgets and everything else. This is true, even when purchasing a home. There are so many foreclosures and bank repossessions, that you should be able to purchase a home for “sale.” But the key is doing your homework before making any purchase.
Remember: your choice, your future!
Kemberley Washington, CPA is a personal finance expert, former IRS agent and professor. Visit her blog at Kemberley.com. Follow her on Facebook or connect with her Twitter. Like, Love, Tweet or Share this post!