Budgeting is not a dirty word

The Momentum UK Team 6 February 2014

“Hi, my name is Jessica, and I’m a budgeter.”

Sometimes it feels like budgeting has a stigma attached to it. To some, openly budgeting is the equivalent of admitting to a dirty secret, fault or flaw.

As part of our Great British Budget campaign, we’re claiming back the word budgeting for the forces of good.

Budgeting: friend or foe?
Budgeting is not your enemy. Budgeting can be a practical way to manage your money. The more you know about your spending habits, the more you can ensure that you'll spend your money where you want it the most. As well potentially helping you to do more of the things you love, this could put you in better stead for your future.

Shed the stigma of budgeting

Whether you earn twenty thousand pounds a year, or a month, budgeting could help you do more things you love. For the lucky few it could also be the difference between them retiring at 60, or retiring at 70. Don’t believe us? Why not read our blog post on dreaming of an early retirement? You shouldn’t be ashamed of budgeting, because it can be a satisfying achievement to stick to!

Some people would happily shout from the rooftops that that they’re budgeting 24-7, but if you’re worried about what people think then you don’t have to announce it left, right and centre.

Budgeting is something to be proud of

Budgeting isn’t just about buying cheap (although it can be, and there’s nothing wrong with that) and can simply be a personal strategy of making the most of what you have. It’s nothing to be ashamed of. In fact, sticking to a budget, could be considered a pretty damn awesome achievement. If you’re looking for some encouragement, then why not join our Great British Budget Campaign?

Necessities first

Budgeting can help you make sure you’re prioritising necessities first, and that you’re making sure you get these at good prices, but it’s also about setting any money left over aside for something that you value, whether it’s saving, to pay off a debt or to treat yourself.

Get control back

Budgeting is about gaining control of your finances, so you know where your money is being spent. This control can help you get the most out of your money. If you’re hoping to get a better grip on your finances, why not try out our money management tool, Money Hub which could help you set up a budget in four easy steps?

Budgeting is not a miracle worker

Basically we think budgeting is awesome, but we’re not making any promises, budgeting takes commitment and willpower. It requires planning and self-control, but gaining total visibility of your money could be the first step to helping to ensure your money’s working as hard as possible for you.