It has been really a while since you have been trying to balance your income and monthly expenses, but it seems that you are still not able to achieve the financial freedom that you really want to have and you do not have any idea what you have been doing wrong all these time. Well, the answer actually does not rely in how you budget or try to balance your income from your monthly expenses, but it is what you are trying to budget or what you are trying to divide from your monthly income.
The thing is that you actually do not have to really try to balance your income from your monthly expenses and then try to save what was left of it since that will just make you susceptible to debts if in the event that there will be an emergency that will occur. Yes, emergency, no one knows what lies ahead of you so if you are not prepared for such things that requires your immediate cash, then you will immediately resort to taking loans which, if that happens, that will just add up to your current financial responsibilities, remember your since your style is balancing your income to your expenses and if your income is only enough for your monthly expenses then how can you pay a loan.
So this is where you need to change your budgeting style or maybe just tweak it a bit, since what you need to do is that you must not only divide your monthly income to your monthly bills, but that must also include your savings for emergencies and savings for your long term goals. Now if you think that it is too much to add on top of your monthly bills, then you just need to have a 100% commitment if you really want to attain financial freedom.
If you are able to always commit to your short term goals since you started working and paying your own bills, then it is actually also doable that you will be able to achieve your long term goals, the only thing that you need is commitment. Commitment is such as big word, but if you really have the will to achieve financial freedom in your current financial status, then there’s no doubt that you will be able to do it. Though it might be kind of hard for you at first since it is a different budgeting strategy, but through time you will be able to get the hang of it like you do not need to consciously think about how to balance your income to your monthly bills and savings.
Therefore, as early as now, you need to change your budgeting style by following the steps you can find at CyberMentors so that you will be able to achieve financial freedom since your current budgeting style is not helping you in any way to be free from financial obligations. And most importantly, again, you need to be committed to it so that you will be able to get the real benefits of budgeting.