So, it's possible that you've heard of the book "A Purpose Driven Life", well this post is about a purpose-driven budget. Does the way you spend your money allow you to live a meaningful life?
Step 1: Write down your most important life goals.
Step 2: Make a list of your current monthly expenses / the things you currently spend your money on.
Step 3: How much money do you allocate each month towards the goals you listed in Step 1?
If you are consistently contributing to those things that give you purpose, that is a blessing. If you have found that you are not contributing to those things that will bring more meaning to your life, then I encourage you to reprioritize the way you use your money.
If there are things that you want to see happen in your life begin planting seeds (saving money) to see those seeds blossom. If you want to pursue a different career, determine how much money you need to make in order to pursue your passion and continue to meet your financial obligations. If you want to take a vacation, determine where you want to go, when you want to go, how much it will cost, and the amount of money you need to save each month towards that goal. Set up an automatic recurring contribution and save towards your goal on a regular basis.
Do you have a surplus of money at the end of each month? If so, allocate some of those resources towards your goals. If not, think of ways you can reprioritize your spending and/or earn more money.
Personally, I like to see my progress towards each financial goals so I keep a separate account using Smarty Pig. Smarty Pig is an online savings account. The great thing about Smarty Pig is that it allows you to save for specific goals. You are provided one bank account but can create an unlimited amount of goals that balances are tracked separately. You can set up automatic recurring contributions or manually contribute to your goal as you choose.
Smarty Pig accounts are offered through Sallie Mae Bank, Member FDIC, so you receive an actual bank account and routing number. You can set up direct deposit from your employer to have money deposited into your SP account each payroll. Direct deposits are available the day of your deposit.
It normally takes 2-3 business days to transfer money to or from SP from your connected bank account.
Your future is in your hands. Position yourself financially so that you have the freedom to live a more meaningful life.