I’ll be writing about everything budget related this month and I am super excited to share. To start, I will give a quick guide on how to set-up and maintain your budget.
Why Have a Budget
I created a budget to keep track of my funds. I like to shop, a lot, and this is a bad habit when you also want to save for a house, car, or whatever. I needed something I could visually see that captured the big picture and just looking at your bank account doesn’t cut it. The best thing you can do to start your road to financial success is understand where every dollar goes. Like the cliché saying, when you know better you do better, and this applies to your money management as well. I did not create a budget to restrict myself from buying what I wanted. I created a budget to better align my spending with my goals. With a budget I can see, and it has helped me with my money management tremendously.
What to Use
I created my budget using Google Doc’s spreadsheets (see here) and example below. I used this tool instead excel or word because I could easily update my budget at any time and not have to go to my email/computer to pull a copy. There is also a Google sheets app (download here) that you can have on your phone or iPad which features an offline mode option for editing on the go. The tool is just like excel and pretty easy to use on all devices.
How I Set-up a Budget
I’m the nice girl who is always smiling, does SOX work, and usually wearing something interesting. This is how I’m known at my current company and even in my earlier company. I’ve come to this conclusion by just aggregating what people know me as and these were always mentioned. Now if you ask my boss he would say the smart girl, the hard worker who he can always depend on to get the job done. How would you rather be known by the people in your company?
Me personally I would like a few of both; online and offline skills that are key to climbing the success latter. Currently, I’m caught in a flow that started in the beginning of my career that is slowing this progression. I come in and make friends while quietly getting my work done to the best of my ability. I’m not running to the front of the line saying look at this or constantly asking questions. I’m not claiming I am the best or taking on way to much work just to please everyone. I’m not saying any of these traits are bad, do not get me wrong, but for me they have never been a path option. My thoughts are the right people know what I can do, and this has gotten me where I want to be. So there you have it, I’m known for what I show, but a question is what about what I didn’t show? What if I could be way further in my career if everyone knew how hard I worked? How many other projects would have been offered to me?
So I’m pretty sure there are other emerging young women in my shoes who want to be known for that mix of everything great. I’ve gathered thoughts from my peers, managers, mentors, and personal thoughts to put together this list. This list is a get starter kit to develop the identity (work brand) you want while making yourself known in your workplace.
If you have a couple of years or even a couple of months under your belt in your career there are a few things you should try an avoid. The list is simple to remember and tough to execute, but a consistent attack on these will help you in the long run.
1. Comparing your path with your colleagues or peers– A key thing to remind yourself of on a daily basis is your path is going to be unlike anyone else’s. Your divine life plan has been developed for you and you only. Consistently investing your energy into someone else’s salary, promotion, or job title is an easy way to lose focus.
“Get a mentor” “I met with my mentor” “My mentor told me” mentor this and that blah blah! You have probably heard these phrases from your co-workers or girlfriends; its a common theme among young women so I imagine you may have once pondered the thought of what having a mentor really means. Well, thats of course if your like me, a young woman who hasn’t actually had a true mentor before recently. I wasn’t privy to this type of support system growing up or even in college so it was a new concept for me up until a year ago.
So now that the research is done I figured I would share a important tidbit about mentoring: What Qualities you Should Be Looking for ?