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"If you want something you've never had, you must be willing to do something you've never done"

How to Budget

Budgeting can allow you to have more money in the areas which are important to you. If you are wanting to save some money for a holiday, or to purchase something, then saving money is the best way to do this. Here are some ideas for saving money:


  1. 50//30/20 rule - this is where you spend 50% of your income on your needs, 30% on your savings, and 20% on your wants

  2. In a partnership, to spend one persons income on living costs and then the other persons income for investing and saving

  3. If you're alone, to live off of your side hustle and save your 9-5 income

  4. If your side hustle isn't generating enough to do number 3, then to live off of your 9-5 income and to invest and save your side hustle money

  5. Pay yourself first - This one is my literal favourite. This method uses the idea that your savings and or investments are a 'fee'. This works so that your mind is like 'ok I have to pay $50 in to my 'bill' (savings) account. Its all in the mentality....

  6. Decrease your expenses or increase your income

  7. Stop going on date night until you can afford it - or, go on cheaper dates!!

  8. Save spare coins - If you really do not have spare cash each week to put away, start small. This can be as small as saving coins in a container until they add up. Remember, every cent counts.

  9. Stop buying lunch at work! This is one of the biggest money thieves!!!! Every day you spend $10-$20 which adds up to $50-$100 a week and then you say that you can't afford to save?


Then on to budgeting. I like to budget every single cent. This means that every dollar has somewhere it needs to go, and every dollar has a job to do. Whenever I'm making a budget, these are the things I like to do:

  • Create a list of my income streams

  • Create a list of my expenses

  • Put these lists side by side

  • Add each list up and take a look at the difference

If I have more expenses than income, then I need to work on either increasing my income or decreasing my expenses.


That's it! It's that simple.

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