If you read these blogs regularly (and if you don’t, what is wrong with you?), then you know that I quite like the comparison between eating and managing your finances.
There’s lots of different ways to do it, but they both require a balancing of a budget to ‘underpin’ what’s happening.
Eat / spend in a surplus and you’ll be worse off.
In maintenance and you’ll stay level.
In a deficit and you’ll be better off.
But how you make that happen is up to you.
We get that checking food labels or inputting stuff in to an app can be a bit of a pain.
But it’s a very useful pain to go though occassionally.
If you’re not getting the results you’d like (and, especially, if you’re not 100% sure why).
It’s like checking the price labels when going shopping.
You don’t have to.
But if you were spiralling further and further into debt every month, it would make sense.
Especially if you weren’t 100% sure how much you were spending and / or earning.
You might chose not to buy certain things.
You might chose to swap to some cheaper options in some cases.
But you’d struggle to know where to start without checking those ‘prices’, at least for a handful of days.
Much love,
Jon ‘Katie’ Hall and Matt ‘Vincent’ Nicholson
P.S. Check myrise.co.uk/briefing-meeting if you like the sound of an approach where there aren’t things you aren’t allowed to ‘buy’ – it’s just about making tactical adjustments to live a life you’re happy with that’s also ‘in budget’.
