A well-developed budget should afford you greater financial flexibility – not less. The best way to understand a budget is to think of it as a tool to help you understand your spending habits and patterns to understand the changes you need to make to live the lifestyle of your dreams.
Before you even begin to fill out your budget template, take a moment to sit down in a quiet, relaxing space and write about your ideal life. Write down the things in your life that make you the happiest.
If you’re not happy with how much you’re spending on utilities, insurance, and phone plans, it’s time to do some shopping. Search for quotes online, and if you get an offer that’s lower than the cost of the plan you’re currently paying for, contact your current company to see if they’d be willing to lower your rates to keep you on as a customer.