Why Budgetwit101?

There are three key factors that Budgetwit101 focuses on when delivering content to help individuals and families.

#1 – Relatable: The goal of this site is to post content that people can identify with and that the author of such content can also attest to a similar story in their personal lives. The mission statement of better money management, better sleep is more than just words. I have experienced job loss, bankruptcy, death of a loved one (mother) and two relocations that have impacted my financial stability in the past. Therefore, I can attest to the many sleepless nights and the stress that comes along with it. Fortunately, with some major adjustments in my budget, spending, and saving habits (which I will share here), I was able to slowly dig myself out of the financial pit and started having positive cash flow each month. The content, tools, and resources on this site are designed to help you achieve that same success.

#2 – Consistency Over Perfection: Budgetwit101 encourages you to be consistent and not to aim for perfection each time you plan your budget, build your emergency fund, and pay off debt. Life fluctuates and so will your budget. Therefore, you might not be able to put any money into a sinking fund or stash extra into an emergency fund if you are having a rough month financially. If this would be the case, then the goal is to pay all your fixed expenses on time. Once you are back on track, then you can shift your focus to building your short-term savings again.

Your financial journey is about being consistent without the added stress of trying to be perfect.

#3 – Not Just Numbers, But People: This site is dedicated to helping you save and budget with the understanding that each individual and family will be at different stages in their financial journey. The goal is not to just provide numbers and %’s for thresholds in regard to your money management strategy but to have a continued awareness that each person may be at a different stage in their process (new budgeter, rebuilding financially etc).

For example, it could feel defeating to some to initially follow a 50 20 30 Rule for budgeting, where 50% of your take home pay is allocated for needs, 30% for wants, and 20% for savings or paying debt off. What if that 50 20 30 Rule really looks more like an 80 10 10 as a result of your finances at the time you are reading this right now? For some, it may take a while to wiggle out of that situation until perhaps your earnings increases. In this example, while the 50 20 30 Rule is something to aspire to, you would slowly build to those percentages over time.

And this is what is meant by not just numbers but people. It’s having the understanding that there are real individuals and families out there who have real-world financial challenges and the need to go slow is necessary.

It’s okay to set your financial goals high but don’t forget to build the ladder first in order to take the smaller steps to get there.