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Break budgets, not hearts

user unfollowing their budget on a social media platform, with text overlay, "Break Budgets, Not Hearts" February 1, 2019

Break budgets, not hearts

Are bad budgeting habits clinging to your finances like a doomed relationship? No amount of flowers, chocolate or boom box serenades can mend your broken bank account, so it might be time to kick them to the curb. These classic breakup lines may help you part ways with the budgeting habits that are hardest to break:

“We’ve just grown apart.”

Budgets, like people, change, and it’s important to confront those changes head on. Make time to review your budget frequently to ensure the savings, spending and bills you’re budgeting for make sense for your lifestyle for today and the future. If you notice that your budget from college isn’t working anymore, it might be time to transition from pizza money to saving for your kid’s college education. If you need a fresh start, download our budgeting worksheet to get started.

“Can we still be friends?”

So you started out strong a few months back, but now it’s just not working. A budget, like a relationship, is a work in progress and can be adjusted with your bills, spending habits and income. Don’t give up when things aren’t 100% perfect the first time; stay amicable and reconfigure your budget until it works for you.

“It’s not you, it’s me.”

If you find yourself consistently overspending, not meeting goals, or missing important bills, it may be time to admit you might be the problem. Try a seven-day budget cleanse by tracking each and every item you spend money on. Examine your real spending habits and see where you could make some changes for improved financial success.

“I’m ready for something more serious.”

After you’ve had a successful run with your budget, you may be ready to set up a serious budget for long-term success. Consider restructuring your budget to help reach long-term goals like saving for a dream vacation or putting a down payment toward buying a house.

“I’m just not that into you.”

Know what you want, but your current budget isn’t it? Get inspired to budget successfully by finding something that drives you to save with these tips:

Contrary to popular belief, breakups don’t always have to be bad. Sometimes breaking up with your budget is the fresh start you need.

By Callie Leahy-Wicks, GM Financial

GM Financial's Callie Leahy-Wicks is a native Texan with a hankerin' for fast cars, loud music and writing about nearly anything that strikes her fancy.

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