Why You Need A Budget

Many hesitate to go through the process of creating a budget, simply because it makes them feel as if they are contemplating about money more than they should. Some would say that only a greedy person would sit and make a plan for their money. Others would consider it a waste of time, concluding that there are better things to do…

We are driven by the culture of our whereabouts, the lessons of the people who raised us, the teaching of our teachers, the observation on our peers. They all shape, or have shaped their own identities, personalities, and lifestyles, based on similar experiences as ours. But none of them were educated about personal finances, which means that we’ll also never get to hear about budgeting unless we act on it.

It seems only a handful of people attempt to understand money while everybody else is changing the subject due to discomfort, triggered by insecurities. That’s certainly not what budgeting should make us feel.

Eye-opening overview

To have a budget is to have a sober and adequate intelligence of what’s happening with one’s time since time is ultimately what most of us trade for money. It provides a realistic overview of how one can live, without harming their future. Better yet, it allows us to set goals and move towards them as it reveals the time needed to reach these goals. It also motivates us to think bigger and shorten the time required to get to where we are heading.

Eliminating anxiety

Having a budget makes us feel relaxed about money. Once set up, it removes the anxiety surrounding each purchase as money for an item, lunch or vacation are specifically set aside for it. On the contrary, if there’s not enough money set aside, our budget helps us understand why we should not make a purchase. If we are to ignore that, we can easily see how much extra time this decision will cost us before we make up for it. In turn, this will make us rethink the situation and question the desire towards a questionable purchase.

Feeling comfortable

It takes some time to adjust to a budget as well as a few tweaks to make it just right for your circumstances. Once it feels comfortable, it can be put on autopilot, or with other words – you no longer have to think about it as much. Perhaps, only when you have an idea of optimising it further. This systematisation will surely prevent you from impulsive, and later on regrettable decisions.

Do you need help setting up your budget?

You may have never created a budget before, you may want to optimise your purchasing decisions, or you may want to make sure you’re prepared for the future. In any case, you are always welcome to reach out or read more on the Money topic.

Do You Need The Newest Phone?

Advertising perfection. The sort that lasts for a little while until it’s perfection no more. That’s when the next perfection is out and is – once again – the best phone they’ve ever made.

Then all the commercials begin. All the reviews, all the talk. The new devices start appearing in all familiar places: Suddenly your colleague has one. You see it in the coffee shop. Your cousin gets one. Then, before you know it – you get one.

The perception of older phones

Since there’s so much buzz when new phones come about, last year’s phones instantaneously become outdated. 3-year-old phones – merely usable, and yet older phones – ancient – since they are supposedly much slower, constantly crashing, and lacking functionality.

This… is bullshit. And there’s no easy way to see through it as the countless ads warp actuality, elevating the newest and compelling us justify the impulse to always crave for the supposedly best.

You don’t need the newest phone!

Except, if you are into photography since cameras are the big focus of phone upgrades. The rest is either gimmicks or refinements which do not make you more productive, neither do they improve your relationships, nor bring you a better income.

Phones have become so good over the years that the most recent ones are way ahead of what an average person may consider necessary. In fact, the phone most people need today came out about 4 years ago.

The phone I have

For more than 3 years, I’ve had an iPhone SE – a phone I don’t plan to replace in the next 2 years. I’ve even considered getting another SE when mine gives up completely.

It’s a 4-year-old phone which still supports the latest iOS and receives all software updates just like any new iPhone. One can still find it new for about $250 (note that we do pay more for Apple products in Denmark) or around $100 for a used one.

There are definitely other great phones out there from 2-3 years ago which are capable of about anything you’d expect from a new phone. Do a little research and see for yourself.

Takeaway

Instead of falling for the endless ads and chatter, you may want to reevaluate what you truly need a phone for and whether that’s conceivable without face-recognition, augmented reality, and an overkill camera. Such headline features are often tricking us into justifying extremely unreasonable purchases as their novelty is undoubtedly compelling.

How I Started Reading Again

A colleague of mine recommended me a book. He showed me his sci-fi collection on his tablet. While listening to him, I never imagined reading from a screen compared to reading a real book. I simply nodded to everything he said expecting him to be done soon.

But he sold that book quite well and I decided to give it a try…

I got it on my phone and the pages were very short. Since it’s an ebook, the pages get transformed to fit whatever screen you have in your hands. In this way, you can go through pages very quickly on a smaller screen, which – in my opinion – is quite satisfying.

I read the book in 3 days. Just enough to get captivated by the magic books are all about anyway. But this time it was different. It seemed so convenient, as I could read anywhere, at any time, not having to bring along an actual book. I can remember that in the past, I’d tried reading on a tablet but that still required bringing the tablet along.

So I started reading in breaks, while traveling, while waiting. For the next 2 months, I managed to read over 10 books as it became a habit. A good one. Replacing the bad habit of staring at memes before bed. And since it’s a display, I no longer had to leave a lamp on to be able to see the pages.

After a year, the list of finished books grew to 30. So imagine buying and storing 30 physical books each year in a small apartment. Not a problem with ebooks!

By trying out reading ebooks on my phone, I truly rediscovered reading and started doing it every day. This is how, once again, I began staring at my phone. This is also how I began reading more than ever before.