Budgeting

Looking to improve your knowledge around budgeting? Nice one, well you’ve come to the right place.

Budgeting is the secret weapon in your arsenal. I would even argue it is up there as the most impactful thing you can do to get your finances in shape.

It gets a bad rap, but a good budget can empower you in so many ways. It allows you to see where you need to target savings, and a good budget allows you to actually spend more on the things that matter most to you.

On this page is a selection of articles relating to budgeting here on The Mindful Money Project, be sure to check them out.

 

what is the difference between income and wealth?

What is the difference between income and wealth? And why you should care!

Leave a Comment / Budgeting, Earning, Financial Independence, Goals, Increase Personal Profit, Invest, Lifestyle Design, Saving, Tracking /

Understanding the difference between the two is important, especially when you’re trying to improve your personal financial situation. Ever heard the story of the janitor who surprised everyone when he died by leaving $5 million to his local library? Or the story of the famous athletes who earned multiple millions a year filing for bankruptcy? […]

What is the difference between income and wealth? And why you should care! Read More »

how do i compare to the average net worth in the uk?

Average net worth in the UK – how do you compare?

Leave a Comment / Budgeting, Financial Independence, Increase Personal Profit, Invest, Paying Off debt /

Even though comparing yourself to others doesn’t always do your mental health much good, it is a helpful benchmark to check yourself against, not to mention a hell of a curiosity cruncher. I’ve run the numbers which are available publicly from the Office for National Statistics Total Wealth survey. So, ever asked yourself how do

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why starting to save young is so important page title

Why starting to save when you’re young is so important (I wish I did more of it!)

Leave a Comment / Budgeting, Financial Independence, Goals, Saving /

I’m sure most people are in the same camp as me, but I regret not starting to save more when I was younger. I would manage to be disciplined and save up some money, £500 or so, and then have one big blow out and buy a laptop or something else I probably didn’t need.

Why starting to save when you’re young is so important (I wish I did more of it!) Read More »

how to create a budget in excel

How to create a personal budget in Excel that’ll even impress your accountant!

Leave a Comment / Budgeting, Tracking /

When creating a budget, using a spreadsheet app like Excel makes the whole job much, much easier. Today, we’ll look at how to create a budget in Excel, along with a free template I’ve built to help you fill out yours. As an accountant, I spend most of my time in Excel, and I bloody

How to create a personal budget in Excel that’ll even impress your accountant! Read More »

delightful sunset vista introducing the 7 tips to help you stop living paycheck to paycheck

7 tips for how to stop living paycheck to paycheck

Leave a Comment / Budgeting, Increase Personal Profit, Lifestyle Design, Tracking /

Lobster at the start of the month and baked beans at the end? Living month to month for too long becomes very, very tiring. Not to mention unproductive for your personal finances. Let’s discuss how to stop living paycheck to paycheck! First, let’s take stock So you can’t get through the month with money left

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average food budget in the uk - how do you compare?

Average Food Bill Per Month in the UK – How Do You Compare?

Leave a Comment / Budgeting, Saving, Tracking /

It is often quite difficult to figure out whether your budgeted weekly food budget figures are actually reasonable or not, especially when you are basing your budget off of your own previous spending patterns. This is a classic weakness to using your previous expenditure as the starting point in budgeting. One way to counter this

Average Food Bill Per Month in the UK – How Do You Compare? Read More »