Budgets Don’t Work! Do this Instead

Millennial Money Mindset

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2 min read

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Dec 14, 2020

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Saving sucks!
Do you ever feel you work hard all week and have nothing to show for it?

Like you have more month at the end of the money rather than the other way around? Then you need to pay yourself first.

This sounds so simple (and could take you less than an hour of your time) but so many people are not doing this!

Pay Yourself First
Paying yourself first means paying yourself before anyone else. The problem is not how much we earn; it’s how much we spend, ending up with nothing to show for it. Why are you working? You are working to give yourself and your family a better life.

Investing that requires you to be disciplined and stick to a budget is too much work, stress and time to manage.

You need to automate your finances, to free up time in your day, put money into your pocket and remove stress from your life. Freeing you to spend your time on more important things, your friends, your family or simply having more ‘me’ time.

Learn to automate your finances to take the decision out of your hands. It’s simple and obvious but many people aren’t doing this.

Simply set up 10% of your income as a standing order that automatically goes into a savings or investment plan, as soon as you get paid, rather than waiting until the end of the month to do this manually. When you pay yourself first it means you can spend what you like, when you like, without the guilt of going over budget.
It is not how much we earn, it’s how much we keep for ourselves, which is the important number.
When we spend everything we have it causes stress, worry and anxiety.

We need to take responsibility for our own financial future and pay ourselves first.

Neil Doig

Author of Millennial Money Mindset: If you Want The Fruits You Need the Roots