5 Creative Budgeting Tips for People Who Hate Budgeting

Creating a budget for yourself is one of the most effective ways of bringing abundance into your financial life as it helps you save and have great wealth for the future. Therefore, it is a shame that most Kenyans still hate creating a budget and see it as the ultimate restriction.

Well, it is easy for anyone to think that a budget has room for practicality only and has no space for things that we do just for fun. This may include hanging out in any of the popular joints in Nairobi with your friends or a visit to any national park with your family. A good budget allows you to live within your means and accomplish a lot of things while also setting some money aside for fun activities.

However, if budgeting has never been your thing, then it might not be easy for you to even understand how to start this financial process. Most Kenyans who do not track their income and expenses admit to not knowing where to begin.

So how do you create a budget if you hate the whole thing? Here we look at five creative tips for people who hate budgeting to get you started on the journey of reshaping your finances.

1. Avoid Calling it a Budget

If you hate budgeting, it is advisable to try naming the process after something that makes your life exciting. You can call it ‘finance reshaping plan’ or ‘wealth building plan’ or name it after something that motivates you to use it or something that inspires and make it a fun activity.

Therefore, if you are looking for creative budgeting tips, you can think of naming your budget with a given financial target that you are working hard to achieve. For instance, if you are setting your finances to have a Christmas holiday vacation, you can label your budget as “Christmas vacation getaway strategy.”

2. Get your priorities right

The other important tip for people who hate budgeting is starting with the basics, which includes all your needs and then move on to wants. In this case, we would recommend you use “four walls budgeting”, which is a strategy that was designed by a renowned financial coach at Kansas Financing Coaching, Joshua Schumm. The strategy will enable you to clarify wants and needs if you want to make a budget and when you hate budgeting. According to the financial, the four walls budgeting include housing, food, transportation and clothing.

3. Factor in saving

Once you address the issue of covering your basic expenses, the next thing to focus on is saving. Saving does not need to be an overly stressful situation since it is the only practical way to achieving your financial goals. Many Kenyans only think of saving what is left after spending, but the best practice when it comes to creative budgeting ideas is prioritizing saving.

Well, spending money before saving can be tempting, but it is something that you can overcome with time. Besides, you can also set up a recurring auto-transfer from your account to your savings to avoid the temptation to spend.

4. Create room for fun

Most people hate budgeting because of the misconception that it only limited to savings and the “four walls.” However, it is good to understand that a good budget has to make a room for fun, which is a great tip when it comes to creating a budget when you hate doing it. Fun might include various things like dinning out, entertainment and traveling since Kenya has a lot to offer when it comes to tourist attractions.

6. Find a room to reward yourself

Most people hate budgeting as leaving on it may feel a bit restricting, but to be honest a good budget does not have to be. Therefore, as you think of making a budget create a room to reward yourself for your financial progress.

Finding a room to reward yourself enables you to track your financial progress, which is a key part in creating a budget when you hate budgeting. Create different milestones in your journey and celebrate each time you hit the target. This does not need to be a very classy event, but it can a simple thing as paying a ticket to watch your favorite team play or having a meal at a local restaurant.

Conclusion

Creating a good budget is one of the most effective tools to help manage your finances and also boost your savings for future wealth. Many people hate budgeting mainly due to the misconception that they have on creating a budget. However, we have seen that that there are several practical techniques that you can apply in your budgeting to make it exciting and fun.