{"id":4371,"date":"2021-06-17T00:30:03","date_gmt":"2021-06-17T00:30:03","guid":{"rendered":"https:\/\/www.justbudget.com.au\/?p=4371"},"modified":"2021-11-16T22:44:24","modified_gmt":"2021-11-16T22:44:24","slug":"budget-money-better-in-2021","status":"publish","type":"post","link":"https:\/\/www.justbudget.com.au\/budget-money-better-in-2021\/","title":{"rendered":"Smart Ways to Budget Money Better in 2021"},"content":{"rendered":"\n<p>Overspending is a normal part of our world, no matter how unfortunate that sounds. With wages lowering and costs rising, people are on a mission to budget properly. Luckily, there are many ways to budget money better! The sooner you begin, the more you will be able to save. Trust me, your budget will thank you, as will your future.<\/p>\n\n\n\n<p>Budgeting is incredibly important. It can help you figure out your monthly expenses and many other financial aspects of your life. Even if you think budgeting isn\u2019t necessary, you won\u2019t know just how necessary it is until you start. A budget is a very important part of your life. Let\u2019s take a closer look into how to budget better!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-better.jpg\" alt=\"budget money better\" class=\"wp-image-4372\" width=\"900\" height=\"600\" srcset=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-better.jpg 900w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-better-300x200.jpg 300w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-better-768x512.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What is a budget?<\/h2>\n\n\n\n<p>Essentially, a budget is an estimation of your revenue and expenses. Usually, it is over a specified time such as a fortnight or a month. It is compiled and <a href=\"https:\/\/www.thebalance.com\/how-to-evaluate-your-budget-2385694\" target=\"_blank\" rel=\"noreferrer noopener\">re-evaluated constantly.<\/a> It really depends, but budgets can be made for:<\/p>\n\n\n\n<ul><li>A single person<\/li><li>A group of people<\/li><li>A business<\/li><li>A government<\/li><li>Anything that spends money and makes it<\/li><\/ul>\n\n\n\n<p>Budgets are created so that you can manage your expenses and prepare for unpredictable events. You will be able to determine:<\/p>\n\n\n\n<ul><li>Whether you can afford a big-ticket item without going into debt<\/li><li>Your ingoings<\/li><li>Your outgoings<\/li><li>What needs to be cut from your budget<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budgeting-2021.jpg\" alt=\"budgeting 2021\" class=\"wp-image-4374\" width=\"900\" height=\"600\" srcset=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budgeting-2021.jpg 900w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budgeting-2021-300x200.jpg 300w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budgeting-2021-768x512.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How to budget money better<\/h2>\n\n\n\n<p>Keeping track of your expenses doesn\u2019t have to be a mundane task. It also doesn\u2019t matter if you\u2019re good at math or not, so budgeting isn\u2019t hard. It just means that you will be able to track where your money is going and so that you can gain <a href=\"https:\/\/www.investopedia.com\/terms\/f\/finance.asp\" target=\"_blank\" rel=\"noreferrer noopener\">control of your finances<\/a>. There are many smart ways to budget money better. Here are some great ways that you can learn to budget money better.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1. <a href=\"https:\/\/www.justbudget.com.au\/free-budget-planner\/\" target=\"_blank\" data-type=\"page\" data-id=\"89\" rel=\"noreferrer noopener\">Create your budget<\/a><\/h4>\n\n\n\n<p>When it comes to the smart ways to budget money better, the first step is to <a href=\"https:\/\/www.justbudget.com.au\/free-budget-planner\/\" target=\"_blank\" data-type=\"page\" data-id=\"89\" rel=\"noreferrer noopener\">create a budget<\/a>. It is truly at the heart of saving and being better with your finances. It will help you to prioritise your expenditure and find a balance. The balance lies between spending and saving time.<\/p>\n\n\n\n<p>You should check things such as:<\/p>\n\n\n\n<ul><li>Credit card statements<\/li><li>Bills<\/li><li>Bank statements<\/li><li>Receipts<\/li><li>Rent<\/li><li>Home loan<\/li><li>Transport<\/li><li>Insurance<\/li><li>Electricity<\/li><\/ul>\n\n\n\n<p>This way, you will be able to successfully income. You then take these things and deduct them from your income. There are many <a href=\"https:\/\/www.justbudget.com.au\/free-budget-planner\/\" target=\"_blank\" rel=\"noreferrer noopener\">free budget planners<\/a> around to help you out.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">2. Track all of your spendings to budget money better<\/h4>\n\n\n\n<p>Sometimes, we fall into a habit of believing that our big spending is what gets us in trouble. However, it is usually the little things that actually add up. That is why it is so important to <a href=\"https:\/\/moneysmart.gov.au\/budgeting\/track-your-spending\" target=\"_blank\" rel=\"noreferrer noopener\">keep track of your spending<\/a>.\u00a0Your bank statement will tell you how much is going in and going out.<\/p>\n\n\n\n<p>That way, you can compare it with your budget to see where you\u2019re falling short. Then, you can identify where you can save.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">3. Focus on recurring expenses<\/h4>\n\n\n\n<p>Going over your bank statements and looking at your spending over the past year can help more than you think. It enables you to see how much money you can save. Some ways to save may include:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.australianlendingcentre.com.au\/home-loan-refinance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Refinancing<\/a> your home loan<\/li><li>Comparing insurance providers<\/li><li>Cancelling unneeded subscriptions<\/li><\/ul>\n\n\n\n<p>Only spending a day looking at all of these things could save you thousands in the long run.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money.jpg\" alt=\"budget money\" class=\"wp-image-4373\" width=\"900\" height=\"900\" srcset=\"https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money.jpg 900w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-300x300.jpg 300w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-150x150.jpg 150w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-768x768.jpg 768w, https:\/\/www.justbudget.com.au\/wp-content\/uploads\/2021\/06\/budget-money-700x700.jpg 700w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">4. Don\u2019t be impulsive<\/h4>\n\n\n\n<p>Many new things that have been introduced make it incredibly easy to spend money. These days, it is easier than ever before to spend money on things you want rather than need. On top of that, not many people know about self-control or how to exercise it. This leads to money spent that simply didn\u2019t need to be.<\/p>\n\n\n\n<p>If you see something you want, think about it before buying it. Some people will say to wait a day or two. This then helps to identify whether or not you actually need it. Another way to curb your shopping habits is to work out just how much you had to work to afford this. Once you\u2019ve looked at it that way, you likely won\u2019t think it\u2019s worth it. This great way to budget money better is essential.<\/p>\n\n\n\n<p>If you\u2019re looking for help with your finances, then Just Budget is here to help. There are many great ways to budget money better, and Just Budget is aware of all of them. <a href=\"https:\/\/www.justbudget.com.au\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Just Budget today and get your finances on track<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Managing money effectively is easier said than done. This guide breaks down the 4 smart ways to budget money better in 2021. Read on and learn key tips here.<\/p>\n","protected":false},"author":3,"featured_media":4375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts\/4371"}],"collection":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/comments?post=4371"}],"version-history":[{"count":0,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts\/4371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/media\/4375"}],"wp:attachment":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/media?parent=4371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/categories?post=4371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/tags?post=4371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}