大家好 这里是《财务瘦身》 我是切尔西
Hey guys, it’s Chelsea from The Financial Diet.
And this week’s video is brought to you by Skill Share.
So this week we’re gonna be talking about making a budget.
And more specifically, the lies
we tell ourselves when we make one.
A big part of the reason that we called ourselves the
the financial diet, is because we believe
that getting healthy with money,
is very similar to the way you get healthy with food,
which is to say in a very moderate and
progressive way that allows for
the way you honestly live your life.
Just like a crash diet for food won’t work,
a crash diet with money will leave you overspending
and feeling anxious all the time.
And part of creating that financial diet that
is healthy and long-lasting is being super honest with yourself.
That means that when you’re creating a budget,
no matter the amount of money you’re dealing with.
You have to be really really transparent with yourself
about how you actually spend,
and what you’re actually going to be able to stick to.
Most of us so when we’re first starting a budget.
Don’t tend to do this,
we tend to be overly ambitious and
and lie to ourselves in the process
about our own habits.
So we’ve put together five common lies that
we tell ourselves when we’re making a budget,
and also how do we effectively deal with them.
第一条 没事 我只需要
Number one: It’s fine, I can only have
insert drastically cut-down number here,
to spend on going out per month.
So basically a lot of people’s first
big moves when they look to start a budget,
is to look at how much they spend on going out,
and that includes everything from like bars to restaurants to
random events and movies with your friends,
然后发现 ” 啊 浪费了好多钱
and say “oh, that’s a waste of money,
I should cut as much of that out as possible.”
Especially when if you’re someone who
has drinks when you go out,
you can tend to do a lot of this frivolous spending,
while already a little tipsy.
For example, that stops at the bodega on the way home
where you get like three bags of chips
and two diet sodas.
That’s probably not something that
sober you would have spent on.
And don’t get me wrong,
it is good to want to reduce your going out spending,
especially because for most of us,
it represents the biggest part
of our discretionary spending money,
even more so than shopping.
But just like with food, crash diets won’t work.
So instead of giving yourself an arbitrary low number that
you think is the right amount
to be spending on going out every month,
look at what you’re actually spending in that category,
an app like mint will help you figure that number out.
And then start by reducing 20 percent
from that spending category.
There’s no one right number
to be spending on going out every month,
especially because depending on where you live,
the cost of something as simple as
a beer or a dinner can cost wildly different amounts.
But everyone can start by trying to reduce
from the number they’re already at,
and we’ve found that starting at around
20% in each category,
is a reasonable enough goal that you can stick to it without
feeling like you’ve totally cut out your social life.
As your brain adjusts to this reduced budget
and gets used to it as the new normal,
you can start finding even more
thrifty ways to enjoy your nights out,
and seek to reduce the category even further.
But start with just cutting by 20%,
and maybe it should go without saying
but that 20% you’re taking out of the going-out category
should go straight into savings and investments.
Number two: I’m just not going to spend any more
money on X or Y category.
I don’t need it.
You always say this
until you do need it.
Let me give you a great example,
many people when they’re looking to really
overhaul their budget or to start one for the first time,
start by cutting out a category of spending.
Because not only is it a really black-and-white way
to rethink your money,
it’s also kind of a fun challenge,
and a lot of people do this
in the form of a shopping ban.
And on TFD for example,
we have many articles where people detailed
their shopping bans whether
it was for 30 days or an entire year.
But for every article we have like that,
we also have an article for people who
failed their shopping bans.
The truth is, it’s extremely difficult to predict
what you’re going to need,
a day a week or six months from now.
And more importantly, you’re a human being
who’s subject to human being needs
and whims and stupidity.
For example, you might say
at the beginning of January
“No buying clothes for the entirety of 2017.”
But then in June, your go-to-work blazer
gets destroyed at the dry cleaner,
what are you gonna do?
Just not have a blazer for work all year?
I think not.
And even if it’s not such a dire situation,
the human brain is incredibly effective
at defining things you want
as something you absolutely need.
You’ll always find yourself
justifying something along the way,
whether you’ve cut out makeup or booze or shirts.
A much healthier way to approach this, is to say
“I’m generally avoiding X or Y category,
but in my budget every month,
there is a little splurge category.”
And some people also budget
their splurge category by the six month,
or one year mark.
The point is, this is the area of your budget
that goes to things that you’re generally trying to avoid,
but might just come up inevitably from time to time.
So let’s say you have 200 dollars set aside
for every six month period to go towards
things you’re generally not buying.
That means that when your dry cleaner might
mess up that go-to-blazer,
you don’t have to feel like
you’re breaking some cardinal rule
by getting yourself another one.
Because lest we forget,
the moment you feel like you’ve broken your diet,
is the moment you will go off the rails,
because it doesn’t matter anymore.
Number three:This is the budget I’m using for the year
generally speaking, a budget is not meant to be
the same throughout an entire calendar year.
So many things can happen in a year.
You can start earning more money at work,
or get a new side job,
or start in your savings account or move, or find that
you can just be more efficient at saving somewhere.
The point is about three times per year,
it’s really healthy to go through your budget,
look at your statements,
look at your spending categories,
and really reassess if you’re getting
the most out of the money you’re making.
It’s also the most efficient way to avoid
lifestyle inflation, which is
basically when you start earning
more money and therefore spending more money,
and that becomes your new normal.
A healthy budget means that
even if you’re earning more money suddenly,
you’re not spending more,
you’re just saving and investing more effectively.
And this multi-annual checkup
is especially true if this is your first real budget.
Because let’s be honest,
if this is your first real budget,
you’re going to have to be really really generous
with yourself in all spending categories,
to compensate for the fact that
you’re really not used to thinking in terms of a budget.
If you’re starting out on an early budget,
chances are you cut maybe 20% here,
10% there, to end up saving
a little bit of your monthly take-home pay.
But the point of a budget is to train your mind
to live well on less than you have,
So that you can eventually work up
to higher savings goals.
For example, if you’re earning
twenty five hundred a month take-home,
saving four to five hundred dollars of that
seems enormous at first.
But if you are constantly reassessing your budget,
and seeing where you can add
a bit more income,
and spend a bit more smartly,
that’s definitely something you can work up to.
Long story short, letting a budget sit unchanged for
an entire year, is almost guaranteeing that
you won’t get the most out of it.
Number four: Now I’ve made my budget,
I’m ready to go.
Now this is specifically for people
who are starting out on their first budget,
and I hate to be the bearer of bad news.
But chances are high that
if this is your first budget,
it is probably going to be terrible.
There are really two stages
to making a first budget,
and you can’t just think
“Okay, I’ve written out all the numbers
I’ve got my excel sheet whatever, I’m good.”
Stage one is taking a look back at about
six months of your spending
to see how you were living without a budget.
But stage two is looking at about
about three months with the budget and seeing
where you could be saving more,
or where you’ve really misunderstood your own habits.
Your first real budget will come
after about three months of that initial one
when you’ve had time to learn and adjust.
For example, a common problem
that you’ll notice with the first budget attempt
is that you’ve made it way too detailed.
For example, when it comes to shopping,
a lot of people making their first budget
will break it down into like
分成衣服 鞋 化妆品 美容产品
clothes, shoes, makeup, beauty products.
And then you’ll realize
“Hey, every month is different
those should all go into one category.”
Maybe you can call it “How good I look.”
Whatever you want to call it.
The point is, you will start to get more comfortable
with your own spending habits,
and realize that making things more detailed
does not mean they’re easier to keep track of.
In fact, when it comes to budgeting,
it almost has the opposite effect,
because it makes you way too hyper aware
of every single purchase.
You’re never going to be able to plan
your spending down to the individual purchase.
The point is, to learn as you go with your budget
to get more comfortable by planning in generalities.
Number five: I’m not the kind of person
who can keep a budget.
Now this is probably the biggest lie
I always told myself.
Because it was the perfect excuse not to
have to think or try too hard with my own money.
Deciding that you’re just going to be
one of those people who’s bad with money,
is basically the only way to guarantee that
you will always be financially illiterate.
It’s so easy to throw up your hands
and be like “well I’m not that type kind of person,
I’ll never make a budget.”
But it’s 20 freaking 17,
there are a million ways to keep track of your budgets
that don’t involve like you sitting there,
with like an abacus and a pen and paper
and one of those like green accounting lamps
from the producers and all that stuff.
If you’re one of these people
who get stressed out just looking at an account
or feel like you can’t even open Excel,
start looking at different apps
that will help you do these things.
Lauren and I made a video a while back
about different apps you might not have heard of
that will help you manage your money,
and will link that in the description.
For me, I always felt like
I couldn’t do that needy greedy of adding
and subtracting and keeping track of numbers.
It made me feel like I was in math class again,
which was really upsetting.
So about four years ago,
I started using an app called Mint that
helps do a lot of those number crunching parts for me,
and it feels really manageable
when I just open up the statement in my email.
And now that I’ve gotten so used
to looking at my money,
it doesn’t scare me anymore to do the other parts.
Don’t kid yourself, saying
that you’re just not a budget person,
or you can’t deal with money,
or you don’t know how to use math,
is a total cop-out.
Even if you have so little money that you feel
like you can’t find a penny to save every month,
just writing it all out and being super aware
of how it’s coming in and how it’s going out,
is the first real step to having control over it.
It’s how I first rehabbed my credit,
but it’s also now how I look at every year not just
how I’m gonna get to the end of the year,
but where do I want to be intended.
The day you say to yourself
“I can totally have a budget.”
is the day you’ll start making one.
It’s really easy to lie to ourselves
about our habits or our spending or how
we just approach money in general.
And it’s really easy to give up
before we’ve even started.
But without a budget,
you’re guaranteed to almost
always feel like you’re broken,
and always be stressed out
because you don’t know how to plan.
Start being honest with yourself,
and a healthy budget will follow.
Chances are you’ve been lying to yourself
a little bit about your budget,
but you’ve also probably been lying to yourself
about learning new things.
You’re always saying
“Oh I’m going to go back and take this class.”
or “Oh I’m going to go back and get that skill.”
But somehow you just never end up doing it.
But that’s why you should check out Skillshare,
it’s an online learning community for creators
with more than 16,000 classes in design
photo and more, and they are currently
offering a 2 month free trial to the first
500 people who go to the link in the description.
Lauren for example has taken everything
from a lettering class with Jessica Hesh,
to a food photography class for bloggers,
to after-effects video tutorials that help her make
even more beautiful videos here on TFD.
And plus you can learn from anywhere,
if you download the mobile app on Android or iPhone,
you can tap into classes even when you’re offline.
So support TFD and finally
learn that skill you’ve been putting off,
by going to the link in the description
to claim your two free month trial
of all the amazing classes
and tutorials they have to offer. Start learning.
As always guys, thank you for watching,
and don’t forget to hit the subscribe button,
and to come back every Tuesday for new and awesome videos. Bye~
大家好 这里是《财务瘦身》 我是切尔西