Give your savings account a nickname - Deepstash

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Give your savings account a nickname

When you give your online saving account a fun nickname, it will remind you why you are budgeting and saving.

Instead of an account no, change the name to something like "Quit this boring job" or "Italy trip post-pandemic."

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MORE IDEAS FROM THE SAME ARTICLE

Your budgeting style will change over your lifetime. You may use the envelope method when you need to be stricter with yourself.

Some people feel less stressed when they use budgeting styles that track every penny. Others find it is enough to run cash flow and know theree&#...

The word "budget" is often synonymous with restricted and rigid, making you want to avoid it. Instead, use the term "cash flow."

The formula for cash flow is:

(Monthly income) - (Monthly expenses + saving) = (Money left to spend.)

Much personal finance advice focuses on making cuts. The information is useful when you're trying to avoid mindless spending. However, there is a time to shift your focus from slashing to earning.

Polish your resume, and apply for open roles that could...

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Traditional Budgeting is Up In Smoke

A person who has a conscious spending plan is all about having positive spending habits and not banning yourself from spending altogether.

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Definition of a budget

A budget is an estimation of income and expenses over a set time. It is usually drawn up and re-evaluated periodically.

Budgets can be made for a person, a group, a business, a government, or anything else that makes and spends money.

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  • You have no idea where your money is going.
  • You’re chronically overspending.
  • You’re not saving any money.
  • You struggle to afford the things you really want.
  • You have trouble keeping track of bills.
  • You often face cash flow problems.

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