Greetings Barbarians! Long days and pleasant nights!
Gentlemen, I have a confession to make…
I’m a fraud, I feel like an impostor writing the stuff that I did and feel like I have no right to write them.
You see, I suck at almost everything in life; especially when I was in my 20s. There are a lot of things that I wish I handled with a little bit more finesse and dignity. I was driven by my emotions and let it get the best of me. I seldom cared about anything, including my spending.
I feel like a fraud because of my mistakes. I don’t feel like the best person to give advice when I, myself, am guilty of making them. But like all men before me, I learned as I went along. You could say that I learned it the hard way, but I think it is better than not to learn at all.
But before we continue, I’d like to ask first for some help. As you all know blogging is a lot of hard work, not that I’m complaining, but I needed your help in maintaining it. No, I’m not going to ask you for some spare change (that would be too embarrassing), but I will tell you about Shopback.
Shopback is a cashback rewards program available across Asia-Pacific. It allows online shoppers to take part of their cash back when they buy through the platform.
Based on what I experienced, it works, and I was able to get 9-16% of my online purchases back; saving me some money.
Your support would mean so much to me, it will ensure better content in the future and at the time save some cash by following this link: https://app.shopback.com/phl?raf=Z8jVcU&slug=referred-signup-bonus
Now, back to being a fraud…
Budgeting is manly, it is hard, it requires self-control, and not to mention, sexy. Trust me, women like men who are responsible for their money. Most important of all, it will give you financial confidence and freedom.
The key to budgeting is restraint and conservation, distinguishing your needs and wants. With that in mind, here are the steps on how I do my budget:
- Before the month ends, list down all your expenses for the coming month. This gives you enough buffer before you commit to your budget. Group your expenses into two: Your BASIC expenses and your LIFESTYLE expenses. Your Basic expenses are everything necessary for you to survive the month, food, bills. Your Lifestyle expenses are your “nice to haves” and could be delayed.
- Once you’ve got all your expenses sorted out, allot 20% of your monthly income to your savings. I repeat, save 20% of your monthly income before you start spending on anything. I hate to break it to you, but if you can’t save 20% of your income then you are living beyond your means.
- Now that you save 20% of your monthly income, you may adjust your list and start spending on your expenses. Dedicate 50% of your monthly income to your Basic expenses and 30% to your Lifestyle expenses. Organize your spending via priority, in case you’re having difficulty here is a simple trick. Try listing your expenses into quadrants like these:
| Urgent and Important|
(Utility bills, rent, medical bills, repairs, etc.)
| Important but not Urgent|
(Groceries, food, transportation, clothes, etc.)
| Not Important but Urgent|
(Cable subscription, phone & internet bill, etc.)
| Not Important and not Urgent|
(Hobbies, video games, etc.)
- If by any chance you’ve exceeded your Basic allotment, feel free to use some of your Lifestyle funds.
- If you found yourself in a pinch, look for another source of active income or some other ways to earn quick cash.
- Obliterate your debts as fast as possible, avoid a debt pile up. Make this your topmost priority.
- If you have some extra money lying around, invest it. Diversify your portfolio, don’t put all your eggs in one basket.
- Delay gratification is not only good for sex but also good for the budget. If you find yourself wanting something for yourself, give it a month. If you still find yourself wanting it, then go ahead and buy it.
- Don’t buy the name, buy the quality; do I still have to explain this? Cheap often ends up expensive, make sure you don’t waste your money on things that don’t last.
Budgeting doesn’t have to suck; sure, it requires self-control but can be very rewarding. It builds competence and will power, not to mention it makes you sexy. There’s nothing sexier than a man who is responsible and knows his way around money; ask the ladies. Ladies comment down below if you agree.
Kidding aside, budgeting is the first step to actual financial independence. Men indeed want only the best for themselves, but compromises must be made. A man is on top of everything, especially his money. He must feed himself when he’s hungry and provide himself with warmth when it’s cold. He is the master of his desires, whims, and wants; he knows when and where to focus his efforts. A man knows how to conserve; a man knows how to budget.
To COURAGE and FREEDOM, and SELF-RESTRAINT!
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