6 Tips On How To Budget When You Have No Money To Budget

Key Takeaways



Free budgeting app that budgets for you

Emergency Fund

Savings account set aside for unexpected expenses

Rainy Day Fund

Another common term for emergency fund


I get it: budgets can be terrifying. I know, because I've been there. Making sure that you have money to cover all of your expenses can be overwhelming and stressful—especially if you're trying to do it while working on a tight budget. But what if I told you that you could create a budget that works for your life? That's right! If you follow these six simple tips, then creating a budget will become less terrifying (and more manageable) than ever before!

Create a budget that you can stick to.

Create a budget that you can stick to.

It's important to make sure your budget has enough money left over for the essentials and non-essentials, but also have enough set aside for emergencies. This will ensure that if something happens in your life, like sudden car repair costs or an unexpected medical bill, you have the funds available to handle it without having to panic and make rash decisions. The quickest way to set up an emergency fund is to use a free automatic budgeting app like Mooch.

Here’s how:

  • Start by determining what your essential expenses are (like housing and transportation) then determine how much of your income goes towards those items each month. Subtract this amount from your total monthly income; this is what will be left over for everything else! If it seems like there isn't enough money left over after paying for these necessities then either try finding ways to cut back on some of those things or increase this amount by getting a higher paying job or side hustle if possible (more on side hustles later).
  • Next list out all other discretionary purchases based on their importance level such as health care costs versus eating out every night at restaurants cost vs buying new clothes once per season cost etc... Again take away from this number whatever percentage of discretionary spending comes out of total monthly income so that we understand how much leftover cash flow exists each month after taking into account both essentials plus discretionary spends (which may include entertainment/social activities).

Plan for the unexpected.

One of the best ways to prepare for unexpected expenses is to gather all your receipts, bills, and any other documents that show where you spent money over the last three or six months. Then carefully organize them based on category (e.g., food, transportation) and break down each expense into its individual components (e.g., rent). This will give you a clear picture of how much money you spend on things like groceries per month versus how much goes toward entertainment and dining out. From there, consider what might be considered an “unexpected expense” in your life: Is there anything new that could possibly come up? Do any regular expenses jump out at you as being more than usual? Would something like car repairs or quarterly taxes affect how much money is available in this area? Once you figure out what could potentially fall under this umbrella term of “unexpected,” write it down somewhere where it's visible so that when it comes time for budget planning day(s), those items are accounted for ahead of time rather than being left off inadvertently because they weren't initially thought about when creating the budget.

Make a list of all your expenses.

This step is crucial. You're going to want to make a list of all the things you spend money on, and include everything from daily necessities like food, to small luxuries like taking your dog for a walk or buying new clothes.

Include the amount spent per expense, how often you do it (weekly/monthly), why you're spending this money (e.g., rent), and what category it falls under (i.e., "Housing"). This will help keep your finances clear if they ever get messy!

Focus on what you have, not what you don't have.

Instead of focusing on what you don't have, focus on what you do have. For example, if your income is low, but you're able to find ways to cut back on expenses, that's a good thing! It means that things like eating out or buying new clothes are no longer a priority for you. You may also be able to sell some of your belongings and turn them into cash.

The next time that something comes up and you feel tempted to buy something that isn't truly necessary—like an expensive pair of shoes or a fancy meal—stop and think: "Is this purchase worth spending my hard-earned money?" You might decide it's not worth it after all and save yourself some cash by avoiding unnecessary purchases.

Don't be too hard on yourself.

If you don't have any money to budget, then it's going to be hard for you. Don't beat yourself up if the budgeting doesn't come naturally from the beginning. There's a lot of pressure on people to be responsible with their money, but if they don't have enough of it in the first place, then that pressure can actually cause more stress than just doing nothing at all and saving what little money they do have.

Don't let your finances get you down! Try not to overeat when things go wrong; instead, take care of yourself by exercising or meditating whenever possible—and definitely consider getting help from a therapist or counselor if necessary. If you have large amounts of debt, then try a method to pay that down first.

Don't hide from your finances.

  • Don't hide from your finances.

You are your own worst enemy if you hide from the reality of your financial situation. You must understand where your money is going and how much of it you have left in order to make any meaningful changes. This means being honest with yourself about how much money you are spending, where that money comes from and what it's going toward.

  • Don't be afraid to ask for help.

If there's something that needs to be done around the house or yard but no one else wants to do it, ask someone if they would like the job done instead of doing it yourself; have them pay for their time working on the task at hand so that everyone wins! This can also apply when buying groceries for dinner; if there's something specific on sale (e.g., ground beef) that no one else wants/will eat then offer someone some cash so they can pick up those items instead (and vice versa).

When it comes to money management, you need to be honest with yourself and with others, but don't beat yourself up if you can't live up to your goals right away!

When it comes to money management, you need to be honest with yourself and with others, but don't beat yourself up if you can't live up to your goals right away!

It's important to have a realistic understanding of what your monthly expenses are. By keeping track of all transactions for a month and categorizing them by type (e.g., rent, groceries), you'll get a good idea of where most of your money goes each month. This will help you create a budget that works for your lifestyle while also helping identify areas where unnecessary spending is occurring. I recommend starting with a free budgeting app like Mooch to simplify managing your money.


At the end of the day, it's important to remember that money management is not a simple process. There are many factors at play, and you have to be honest with yourself about how much control you have over each one. If you've made mistakes in the past, don't let them hold you back from finding success today! By focusing on what you have instead of dwelling on what you don't have, staying positive about your goals despite setbacks along the way, and making sure that others know about your financial situation so they can help support or motivate

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