If you have read our other posts, our overall goal is to save as much money as we can by staying out of the store and following the meal plan. Well, some months that is going to be a piece of cake and others are going to be terrible.
For our family, we have follow
ed our meal plan this month, but we have not done as well with the budget. To prove that we are human, we have overspent our budget by $100 and it is only the 24th.
If you find yourself in a similar situation, don’t fret it. One of the greatest difficulties of having a budget is not backing down when the going get’s tough.
What to do if you are over budget?
- Sit down and write out what it was you spent the extra money on. Was on an unplanned get-together, special night out, or just tired of eating leftovers. In writing this down, you can create a plan for the next month that will help you stay focused and keep your spending down.
- Look over your pantry and find out what items you are running out of and plan how you are going to replace them. For example, are you going to replace these items all in one month or over a few months? Often, we run out of a lot of things all in one month. If all of these items are replaced during your monthly shopping trip, chances are you are going to be spending a lot more money than you anticipated.
- Did you stock up on any items? If your budget allows for it, stocking up on things like meats when they are on sale for really cheap is a great way to save money in the long run. For example, buying 20lbs of chicken at $2.50 vs $1.60 a pound is a difference of $18. That is huge savings. Try to find these deals and work them into your budget.
Now, if the reason you overspent was due to habit or being tired of eating what was planned, just pick up where you left of and commit yourself to follow the plan more this month. Once you see the savings, you will be amazed at how much money you can keep in your wallet.
YOU CAN DO IT!