How to keep your holiday pay for holidays

Have you ever had to borrow money from your holiday account? You know – you’ve got a large bill due (usually it’s the car registration) and because you don’t have the money to pay for it, you convert some of your annual holiday (and or holiday pay) into cash.

Wouldn’t it be good if you didn’t have to do that? Wouldn’t it be great if you had the money waiting each year to pay that account? How good would it be to be able to not only pay that bill, but also have a holiday and some spending money as well?

It is possible you know – but you have to organise a budget first!

Now – straight away – I can hear you turning off.

You see the biggest trouble is – most people think that having a budget means taking things away from them. They think that if I was to come to see them, I would be telling them to stop doing things they like to do; stop having the nice things in life that they’ve been having.

But you see, I’ve never yet told anybody that they can’t have this, or to stop having that. I don’t have a problem with anybody spending money – providing that money is theirs and not borrowed! 

Having a budget is not about taking things away from you – it’s about making the most of what you already have and the money that you earn. A budget isn’t restrictive – in fact most people say it actually gives them more freedom.

How good would it be to go shopping and not feel guilty? How much would you love going away on holidays knowing that you didn’t have to borrow the money? How fabulous would it feel to know that you control your money – and not the other way around?

A budget is the most basic financial plan and yet few people have one in place. Most people spend more time worrying about their superannuation fund than how they manage their money on a daily basis.

See, I figure it’s like this – if you don’t ‘get used’ to a budget now – how are you going to manage when you do retire? Unless you’re putting away a quarter of your yearly income into a retirement fund each year, then the weekly $300 government pension is looking pretty grim. (I know lots of people who tell me that it is pretty grim) I can’t live on it – can you?

And just to reassure you – the only people who will know that I’ve been to see you – are the ones you tell.  (but you’ll be so delighted with the results, you’ll probably tell lots of people)

 

 

© Carmel McCartin – Budget Bitch

And don’t forget – (The views expressed in this blog are the personal opinions of the author. Don’t rely on them to make financial decisions; you have to make up your own mind. If you don’t like the content – then either stop reading or send me an email)

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