Overestimate Your Spending to Build a Better Budget

It’s extremely easy to blow through a budget. Part of the reason is that we often underestimate our spending. One simple way to combat this is to err on the side of overestimating.

Personal finance blog Femme Frugality recommends more or less the same thing. Her golden rule for budgeting? “Budget Liberally. Spend Conservatively.” Femme explains:

Budgeting liberally means when you think you’ll spend $75 on gas this month, you budget $100. It means that however much you think you’ll need, you schedule in more. It means not fudging the numbers to an unrealistic low in order to fit your income.

When you get your numbers, you can see if you need to hustle to bring in more. This is far better than getting to the end of the month and realizing you should’ve hustled to earn more, because now you don’t have enough food to put on the table.

Of course, spending conservatively means saving money when you can and being mindful about your expenses. It’s a simple rule to follow for better budgeting. Check out her full post at the link below.

The Golden Rule of Budgeting | Femme Frugality via Rockstar Finance

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About Things That Make You Go Vroom

Welcome to Things That Make You Go Vroom — a blog dedicated to Automotive Enthusiasm, Love of Food and Home Decor. My name is Frank and I have teamed up with my best friend Charlie to bring a blog that is close to our hearts. Cars, Food and Home Decor. Now you might be thinking how lame this is, two grown men talking about guy stuff. But rest assured, that this blog will be far from lame. Our goal is to educate and entertain. We will be bringing car buying tips, car reviews ranging from affordable sports cars to my favorite, minivans. We will also be talking about food, from enjoying your veggies to marinating meats. And last but not least, home decor. Yes! Two grown men, talking about interior design. Hope you guys enjoy what we bring to the interwebs. Frank & Charlie.

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