Why Aren’t We Saving Money? Impulse Spending and No Budget!

Why Aren’t Americans Saving Money?

FREE EASY BUDGET WORKSHEET TO DOWNLOAD AND PRINT

Most of us aren’t saving enough money for one simple reason. The reason is that we spend too much! The reason that we spend too much is because we have not spent a few minutes to prepare a budget, and so we have totally underestimated our monthly expenses. That is why we have included this simple budget worksheet.

I have to be honest. When I sat down and worked out my budget, I had underestimated my monthly expected by hundreds of dollars. Oh, I figured in my mortgage, and I even allowed for utilities and insurance. But I think I made the same mistake that many people make, and I underestimated what I spent every month on groceries and other consumable goods.

See I remembered what I spent on groceries, but I did not remember to include the mid-week trip to pick up more shampoo and dog food, or the three times a week I ran into my corner drug store, and the almost daily stops at the convenience store. I needed to double the figure.

That miscalculation made me think I had more money for eating out, movies, and clothes then I did. That miscalculation added up to $500 a month. And that was before I remembered to add in $50 a month for family haircuts, $200 a month for my kid’s lunch money, and another $200 a month for the cash that I handed them when they needed something at school or had a function to attend. So I miscalculated by almost $1,000!

So why not prepare your budget summary now?

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