How to Build a Money Plan You Feel Good About (aka a Budget)

Building a budget doesn’t have to be boring and it doesn’t mean you’ll never get to spend any of your money on fun stuff.

If you make a good budget for yourself, you’ll be able to build a solid financial future without having to stress about money.

In this post, you’ll find out how to build a money plan you feel good about.

Step #1: Consider Why You Want a Budget

Before you pull out the spreadsheets and calculators, think about why you’re deciding to create a money plan in the first place.

Here are some possible reasons for wanting to develop a budget:

  • Saving for retirement. Building up your retirement accounts to make sure you have money in your golden years.
  • Building an emergency fund. Saving 3-6 months’ worth of expenses for rainy days.
  • Buying a house. Saving to buy your own property so you can stop making your landlord rich.
  • Buying a car. Using saved money for a down payment on a car or purchasing your vehicle with cash.
  • Paying off debt. Paying down debt to pave the way for financial freedom.
  • Putting away money for college for yourself, a spouse or your children.
  • Saving for a vacation or other big purchases. Making a monthly fund that will allow you to put money toward large buys.

Step #2: Collect Information and Write it Down

Decide whether you’ll use a spreadsheet or a budgeting app. Popular budgeting apps include You Need a Budget, Mint or Dave Ramsey’s Every Dollar.

Gather the amounts from your income and expenses and enter them into your budgeting app or spreadsheet.

Step #3: Prioritize Your Goals

In Step #1, you listed one or more reasons why you wanted to do a budget. Think about those goals now and allocate as much money as you’d like toward the accounts.

For instance, if you’re trying to buy a house, increase your efforts for this account while allotting regular payments on everything else.

Step #4: Set Aside Happiness Money

Here’s the fun part. Rather then sending all your money away to everybody else or saving it, make a fund for happiness money.

Happiness money can be spent on anything that makes you feel good. Here are some ideas:

  • A fancy dinner. Love to cook? Buy some fancy ingredients for a comforting meal for family or friends.
  • Movies or concert tickets. Getting a seat to watch an entertaining show or film can give you a fun experience you’ll remember for life.
  • Be a tourist in your own town. Every town has something interesting to see, from hiking to museums and landmarks. Plan a visit and take some Instagrammable photos.
  • Gifts. Giving to someone important can give you a sense of fulfillment, especially when it’s well-planned.
  • DIY Projects. Set aside some money for house projects, at-home beauty treatments and other do-it-yourself projects.

Now that you have the steps to a budget you feel good about, all you need to do is track your spending and stick to the money plan.


Creating and following a money plan doesn’t have to be tedious or restrictive, if you budget for your goals and happiness. Start by assessing your reasons for wanting a budget. Then, enter your income and expenses and prioritize goals. Lastly, make room for fun and happiness in your money plan. Want more financial tips? Schedule your FREE consultation here


  1. Wanting to purchase my first home and take a much needed vacation to Hawaii and Cancun VI.

    First I need to cut my spending. Pay my bills on the first of the month.
    My rent, car, phone, car insurance and student loan

    Help me please!!!!!!!!