Separating Your Money

Everyone loves payday. You have fresh new money to spend and do whatever you want with. With payday, comes a great deal of pride and accomplishment. It makes you feel good knowing that you worked hard for this money, and it is yours and no one else’s. But now that you have money, how do you go about spending it? You know you can’t just blow it all. And you can’t save it all and not spend a single penny until your next paycheck. So what do you do? You separate your money into three categories; saving, sharing, and spending. And do it in that order.

Saving You always want to save your money first, that way you will always have something to put in your savings. If you go and spend all of your money before you save, you might not have anything to save, or not very much. Even if your paycheck was teeny tiny, you should still put a portion of it into savings.

Sharing You know how when every December rolls around your wallets usually get smaller and smaller? Sharing can solve that. Putting money aside to share will help, especially during Christmas. This will keep you from touching your savings and going completely broke during the holidays.

Spending This is the fun category. This is where you can spend all that you would like with the money left over after you save and share. But, things like bills, gas, and food should be paid for before you save, share, or spend. This is so that you don’t run out of money before you get to the essentials. But spending in this category is for yourself. This is the money you spend on things to make you happy.

Separating your money into categories makes it easier on not only your self but your bank account as well. You will no longer have to worry about whether or not you will have enough money for certain things. Separating your money makes your life easier, and doesn’t require a lot of work.