Your relationship with food is probably pretty complex. In addition to sustenance, you may use food for comfort, gathering with others, distraction or pleasure. When you really commit to tracking your food expenses as part of putting together a spending and savings plan, you realize food can be a complicated part of your financial life too.
If you had to choose between setting financial goals, and going to a music festival, you’d probably choose the music. But how would you pay for the entertainment? Goal setting may not be as much fun as a concert, but it helps you to save for and achieve exciting, fun and important things, like retirement or college.
Congrats. You’ve set a budget and it looks perfect on paper. You established different spending categories and what seems like reasonable limits. Yet somehow it’s not working out month after month.
Sound familiar? It’s a common struggle. But the good news is that there is a solution.
Well, sort of. While restricting spending to the limits of a paycheck is the foundation of sound money management, doing it in practice can be extremely difficult.
