Popular phrases to
remember when planning your budget.
“It will work itself out.”
Ever hear the popular phrase “it will work itself out” in regard to some sort of
dilemma? We have this phrase because there are problems that will literally work
themselves out with no real intervention on our behalf. For example, a kink in
your garden hose, a contact lens stuck under your eyelid, or a splinter in your
thumb. Unfortunately, “it will work itself out” is position many people take
with their money. That is when they discover another popular phrase “stuff
happens”, and that you can’t “bury your head in the sand” until the problem goes
“It will just work itself out” never really works when it comes to managing your
money. Some people are extremely careful about their
spending habits, even
without a budget, but they forget that “bad things can happen to good people”.
There is yet another popular phrase that describes the problem lurking behind
even the most careful people, who are not formally managing their money with a
budget. That phrase is “life is full of surprises”.
“Life is full of surprises.”
"Life is full of surprises" is a popular phrase that may make you think of
exciting discoveries or unexpected help. I was surprised when the big boss gave
me his unwanted football tickets, when my daughter came home from daycare and
asked for a snack in Spanish, or when my neighbor cut my grass. The problem is
that life seems to like balance. So not all surprises that it hands out will be
good. It is those bad surprises that can severely stress your financial
situation if you are unprepared for them.
Many bad life surprises are like a summer storm, however, in that there are often
signs out on the horizon that trouble is coming. For example, there are things
you depend on everyday in your life that we all know will not last forever. If
you needed to suddenly replace your car, roof, bed, oven, or sofa and were not
financially prepared to deal with those expenses your quality of life and
financial situation will take a beating. A leaking roof, a bad transmission, and
a broken faucet are things that happen, and are not going to work themselves
“Save for a rainy day.”
Realizing that life isn’t full of only good surprises allows you to arrange your
budget now so that you can “save for a rainy day”! Ensure your quality of life
and “be prepared” for the financial challenges that come your way!