I am not a believer in making budgets, as they make you feel like you have limitations to abide by. To reduce spending, it is more important to have the right mindset towards money and happiness. Understanding money’s power as a tool to gain freedom is much more effective than creating a budget when it comes to reducing your spending.
This being said, I am a huge believer in what I like to call financial projectors. These are tools you can find or make to project how long it will take you to achieve a financial goal. Seeing how close you are to a goal can be a very powerful motivational tool. It also allows you to experiment with different life scenarios and see how different choices will effect your goal
Below is a projector for helping you reach the ultimate goal of this blog, early retirement!