REDEBONY'S MAGAZINE BOOK BLOG: budgeting

Showing posts with label budgeting. Show all posts

Monday, 7 February 2022

The start of our Budget like a Badass Journey

Budgeting can be tough, so much temptation out there, so many distractions. Everytime you step out into the great outdoors, the shops are calling, and all those delicious aisles of stuff. Stuff to cater to your mood, this hunger, or thirst you have to either splurge or validate this feeling ypour experiencing. Wether its a breakup, a bad day at work, an argument at home, a snack at lunchtime, or just to feel delightful, you know exactly what you wanna do. You tap that smiling pocket, or pull the wallet out of the handbag, here comes the friendly credit card, debit card, your just a beep away from that feeling of gratification....Oh oh....this path doesnt lead to the smiling pocket, the more trips you make, the more purchases you get , or things you consume for that thing of absence, the more you realise, something physically isnt presence....Your finances. The bank account is running on empty.

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Start a savings journal or a wealth journal

Understand your accounts and where your weaknesses are when it comes to spending and when it comes to saving and budgeting.

Learn from the error of those with a leaking pocket.

No matter your income if you have a hole in your pocket , the money you bring in will be dust, and you will always have a negative account at thde end of the month.

I am learning to try and teach myself restraint.

Breaking old habbits, replacing old habbits with new consistent positive habbit.

You need to replace those negative habbits with a positive action, and psychology.

What can you do instead of spending that money?

I spend when im bored.

Distracted

Spend whenever a new project opens up

The spending makes me feel as though im executing, like im doing something.

What are your spending habbits?

What do you spend on?

What is your pocket Cryptonite?

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Mine is going to the local shop to feel like im stretching my limbs, getting small treats, nick nacks, or going into town and randomly buying clothes that i dont need. My wardrobe has thrown up some really bad outfits of late.

The downside of all of this is negative self talk, doubting your ability to manage your finances, not having funds in place to invest in key assets. Start with your wealth journal, manage your accounts, check your financial statements, and create a weekly budget. It can be from £50 a week, but something realistic that is flexible. Which allows you to manage and pay attention to your finances so you can have some seed money, for maybe a down payment on a house, a holiday, or an investment.

Counter the pocket Cryptonite habbit. Validate yourself with positive self talk, list and journal things to do that dont involve spending money, look at wether or not you really need the item of consumption. If a week later you dont hunger for the item on your list, then it may not be a necessity.

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Have a want list and have a need list. Decide what is necessary. Put funds into your savings account and pay yourself first. Set up a monthly direct debit, putting funds into your account.

Go fund me post 3

https://gofund.me/61cdb27f

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Wednesday, 23 August 2017

Save to invest: Redebonyhotspot bytes

Avoid impulse buying
Avoid greedy marketers
Buy one get one free, means you have to buy one in the first place, only purchase what you need
Have a budget account
Carry cash and leave the card at home tucked away in a safe place, carry a small extra purse in case of emergency
Have a list what do I want versus what do I need
Distract yourself from the thought that your saving
Reward yourself with a star chart or goal chart for each accomplishment you achieve with your account
Focus on creative ways to raise funds
Recycle old items you are not using
Budgeting is not about penny pinching. Know what is a necessity. Get vouchers if there are things you really are interested in purchasing. Some people make the mistake of going on a financial diet, where they starve themselves. Then go junkie on items they don't actually need. Pair up with a buddy who is as passionate as changing their finances as you are. Attend free seminars you will find them on eventbrite, meet up, and blog about your journey sharing your challenges and successes with your audiences, it makes it feel as though you are answerable to someone. When you make an error or a sleight,, document it and write what drove you to that point. Are you an emotional shopper? Did you not prepare lunch the day before? Is your budget too unrealistic?

Get acquainted with more Financial articles, read about people, who have accomplished what you have accomplished, model and programme your mind until it becomes habbit. The key to any success is discipline, The key to financial growth is learning but to grow towards positivity there will be challenged, friction from the self, the mind is programmed a certain way, when you interrupt its pattern you will start to crave certain things. Take heart, it takes thirty days to create a new habbit. Formulate the habbit of saving and it will become less of a threat to a seasoned mind.

Friday, 24 June 2016

Branding as a bassline

Copycats. Who doesn't hate a copy cat, they have no sense of brand identity, creative realism, or surrealism, they lack the emotional output and the understanding to fully eliminate the competition. They are as plankton hanging on the edge. Branding is much more than understanding your target audience, it is hearing their needs and wants when you sleep. Deciding to go the extra mile to the places they shop, network , hangout, having discussions with them and identifying them not just as a uniformed mass, but as people with distinct identities and a story behind what they do, and why those products are active participants in their lives. For example Indiana likes a new brand of trainers, although as a young girl she would follow the americanisation of her social culture, and would fit in more with Nike brands. She's chosen something alternative, why does she choose the alternative brand.Lets call it strike, the caption in the ad being, bold assertion for brilliant minds. Indiana is a girl who values her individualism, she likes to hang out with her friends but she also likes time apparent to herself. She's the most aggressive athlete on a girls football team, and she took an interest in the brand because she liked their football trainers. Branding is about listening. Listen long and listen deep. Focus groups, surveys, look at what your audience are searching for on the web, can you offer them a better alternative, and why should they choose you over a brand that their safe with that may have been in their family for generations?