Tuesday, April 19, 2011
How to Throw a Shower on a Budget: Setting a Budget
Now that we have made a plan, it is time to get down to the budget of the party.
2. Set a budget
In order to set a budget for a party you need to look at two things. You can’t just start aimlessly and set a random number.
First, you need to look at how much you can afford to spend on this. If you only have $50 a month that is discretionary you can’t set your budget at $200…it has to fit in with what you can afford. Make sense?
Next you need to refer to your plan, step #1, and figure out what you think it will cost. If you end up over budget on paper it is easy to go back and slash things out and adjust your expectations.
Lastly, take a trip to the atm and get out cash. Yep. I can’t stress the benefit of carrying cash enough. When I planned out this shower, I got an envelope and labeled it “Kimery’s Shower” and I put the allotted cash and the budget/planning list in it. I carried it aorund in my wallet for a few months. As I purchased things, I took money out of the envelope and crossed the items bought off of the list.
It's a good time to practice of self discipline...
Tomorrow I will be back with Step #3: Dare to be Different