(Guest post by Jeff Kosola)
Budgeting is something that financial savvy people do every month. The problem with budgeting is that is can become mechanical and/or boring.
We understand that living beneath our means is the best way to become financial independent. We understand that without accounting for every dollar before it’s spent will result in squandering money on useless items. We also understand that budgeting is completely boring and something not many people look forward to doing each month (unless you are like me or J. Money).
Wouldn’t it be cool if there was a way to make budgeting fun and exciting each month? Wouldn’t it be great if you could really make “Budgets Sexy”? Well now you can.
Introducing Strip Budgeting
Strip budgeting is the best way to take one of the more boring chores in life and kick it up a notch. The rules are simple and anyone looking for a little twist on saving money will love it.
- The prior month’s budget
- A sexy partner (sorry had to add sexy so J. would publish this)
- A private location (Your parent’s basement might not be the best place for this)
The Rules (copied from Fight Club)
- The 1st rule of Strip budgeting is you don’t talk about strip budgeting
- The 2nd rule of Strip Budgeting is you don’t talk about strip budgeting
- The 3rd rule of Strip Budgeting is you can’t wear multiple layers of clothing. Unlike strip poker, the point is not to see how long you can budget for :) Pants and shirts will work best.
Upon meeting in a private location with your previous month’s budget, the budgeting nerd in the family will bring a new budget form to begin filling out. The two of you will review the current budget and discuss any problems that may have occurred. Now remove your shirt, blouse, wife beater, or whatever is covering the upper half of your body. This is your reward for establishing dialogue between each other and performing a great budgeting review.
Use the data/info from your review to balance the coming month’s budget to zero. This time you need to each remove your pants, shorts, skirt, kilt, or anything that is covering the lower half of your body. Again there is nothing like using the reward system to achieve great benefits for a job well done.
The next part of the budgeting game is to update your net worth. There is nothing like seeing a positive change in your financial position and of course you need to be rewarded for the awesome progress you are making. Remove your bra (for the ladies) or your bro (for the men).
The final part of any good budget is refilling the cash envelopes you use for your daily expenses. At this point we need to copy Demi Moore and Woody Harrelson from Indecent Proposal. I can’t go into details here, but you get the point.
Strip Budgeting is a great way to take the boredom out of the budgeting process and a great way to connect with your mate. I hope you’ll excuse me because I need to try and sell this method to my wife right now.
Good luck everyone :)
Written by Jeff Kosola who blogs at DeliverAwayDebt and tweets under the handle @DeliverAwayDebt. If I’ve made you laugh, then please head on over to my site and/or Twitter and give me a try – you just never know what is going to come out of a Pizza Dude’s mouth. If you happen to live in the Detroit area, you just might see me standing at your door with a piping hot pizza made with a like extra love from DeliverAwayDebt.
(Photo by lu_lu)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!