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Balancing Life Without Feeling Broke

We’ve all been there. A pair of shoes just waiting for you to buy them. A vacation on a deal site that you just can’t pass up. A new gadget that everyone has. We are surrounded by temptation everywhere we turn, and we are taught that consumerism is a natural part of life, and that money makes the world go round. But what if I told you that you could still enjoy life, and still have money saved for a rainy day?

Balancing Life Without Feeling Broke

Balancing life without feeling broke may seem like a myth to you, but it is possible. I have learned to implement certain rules for myself that are easy to follow, and don’t make me feel like I am missing out on life in my twenties.

balancing life without feeling brokeRule #1: Save When You Can

When you’re young, it may seem hard to save over half of your paycheck when you can barely afford to pay all of your bills. That’s why you should start small.

Try saving $10 every paycheck if you are paid weekly, and you can adjust this if you are paid bi-weekly or monthly. Another way to save without feeling a hit to your checkbook is to transfer your change. If you spend $25.02 on gas, transfer .98 cents to your savings account to make it an even $26.00. Some banks and credit cards automatically do this for you, but I normally go online and do it myself at the end of the day. It may not seem like much, but again, this is all about balancing life without feeling broke. Before you know it, you’ll have a little savings fund that you didn’t even realize was growing.

Rule #2: Save Money on Things You Already Buy

So this is an addition to Rule #1, but I think it deserves its own rule. When life is busy, you may not have time to search your entire city for the best deals or extreme couponing. However, you can save money on your current purchases. For example, I frequently shop at Target. Having a debit red card is a great way to save money, even if it’s just 5%, because whether I had the card or not I would still shop at Target.

Also, I love taking a few minutes to check the Target cartwheel app. I normally do this while I am waiting in line to checkout, and sometimes I can find a coupon for an item I have in my cart. You can do this with just about any store that offers a rewards or savings program. It may seem like a hassle to take 10 minutes to fill out a form, but the savings can be well worth it if it’s a store you shop at frequently.

In addition to these tips, if you can’t do the extreme form of couponing, ALWAYS check the sales ads for the stores you go to every week. I meal plan around the sales and I will also stock up on staples when I see that they are at a really good price (my favorite face wash for $2.50 each? Yes please!). Balancing your life and needs doesn’t have to make you feel like you’re broke.

balancing life without feeling brokeRule #3: Give Yourself an End of the Month Treat

Balancing your financial life involves making compromises. One of those compromises may be that you don’t splurge on yourself as often as you want. Completely cutting out wants may seem like a good idea at first, but eventually that decision will leave you feeling moody, deprived, and maybe even a little upset.

You work hard for your money, so you deserve to treat yourself every now and then, just make sure you don’t go overboard. Remember, balancing life without feeling broke. Just repeat this to yourself until it sticks. Choose something that isn’t a necessity, but makes you feel good. For some, it may be a manicure, a night out with a significant other, or even a brand new book from the bookstore. Just make sure it’s something you truly want, and something that won’t break the bank.

The trick is to treat yourself to something that will motivate you to stick with your journey. Treating yourself after a month of good budget habits will make you realize that instead of compromises, you are doing everything in moderation.

Rule #4: Figure Out What’s Important to You

If you exercise on a regular basis, do you have a particular activity that you like to do? For some, it may be Zumba. For others their activity of choice may be running. If you hate running, you are less inclined to use that in your regimen.

The same thought process can be applied to your budget. If you love working out on a regular basis, don’t skimp on that just because you have one show on TV that you like to watch. Get rid of your cable, get Netflix or Hulu, and start investing in your exercise regimen; workout equipment, a gym that you absolutely love going to, or even a pair of really nice athletic shoes.

Figuring out what you like and want in your life will drastically change how you spend your money. You would be surprised at how much money you could add back into your budget if you only paid for what you used frequently.

balancing life without feeling brokeRule #5: Don’t Skip Your Budget Meetings

Even if you are single, you need to have a budget meeting. It could be as often as you need it to be, but it needs to be a reoccurring element in your balancing and budget journey. Having a budget meeting not only keeps you focused and on top of your goals, but it also helps give you peace of mind if you think you’ve slipped a little on the money train.

For couples, sit down with your significant other and talk about your money going in and going out, and any plans or goals that you have in the upcoming month. It could be anything from a car insurance payment to planning for a wedding, but everything needs to be accounted for. If you fail to plan you plan to fail.

So while most of these rules aren’t hard, a few of them seem to be overlooked in the process of budget journeys because they seem to be common sense. Getting back to the basics when balancing life can keep you from feeling like you are broke. Always being diligent with your goals and making sure you are being true to you will help you a long way in keeping your budget, and in the end, helping you keep your sanity.

How are you balancing life without feeling broke?

This post was written by Kimberly Studdard, a regular guest writer here at Life And My Finances.

Budget Money

AUTHOR Derek Sall

Derek has a Bachelor's degree in Finance and a Master's in Business. As a finance manager in the corporate world, he regularly identified and solved problems at the C-suite level. Today, Derek isn't interested in helping big companies. Instead, he's helping individuals win financially--one email, one article, one person at a time.


  1. I think this is a good list and i’ve applied all five. Numbers 3 and 4 were both important to us when we decided that something needed to change. My wife is a very much ‘live for today’ type of person and while she understood it was important to change our behavior, she didn’t want to completely deprive ourselves. When we went through number 4, it was easy to see that the $80/month cable bill wasn’t worth it for the few shows that we enjoyed. Not to mention that it’s crammed full of commercials.

  2. Great post, Kimberly (and Derek). I’ve found with my coaching clients, and ME TOO, that the budgeting process is so important for people to NOT feel broke. For a natural saver like me, I need the spending side of the budget to be decided before the month begins so I can avoid worrying about whether we’re getting our savings done, too.

    Most people look at budgets as restrictive, but if it’s done right, it’s actually liberating.


  3. I love number #4. Life is all about figuring out what’s important to you. Right now I want more time with family and less time working, I’m still i the excitement phase where saving is exciting. But in order to keep balance I do have some travel booked for later in the year. I’m saving for a few splurges then 🙂

    • Sounds perfect QWFL! You’re saving a ton, but you’re having fun along the way. If you’re interested, be sure to follow our progress on our rental house. We’re currently in the rebuild process, but hope to rent it out soon!

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