Why Spring's the Time for Creating a Budget

 

Why Spring's the Time for Creating a Budget

Plenty of people make a New Year's Resolution to manage their money better by creating a budget. Maybe you're one of them. But how motivated are most people on January 1? Besides the fact they may have celebrated a little too much the night before, the weather is cold, it's time to go back to work, and those holiday bills will be arriving any day. On the other hand, spring is actually a terrific time for creating a budget. Here's why.

Holiday Bills Are in the Past

If you haven't finished paying off your credit cards for the spending you did last December, hopefully you're getting close. Watching your credit card bills decrease is a terrific motivation for creating a budget to ensure credit cards don't undermine your financial goals. With a great budget app like Mint you can customize your budget to get those credit cards paid off ASAP.

Your Utility Bills Are Probably Lower

When it's not the depths of winter or the height of summer, your utilities often get a break since you're not using heating and air conditioning as much. Therefore, you may have a little extra money in the spring that you can use toward other expenses. Creating a budget lets you see exactly where that extra money can be spent best.

Start now: Creating a budget with Mint helps you manage your money for your and your family's specific needs. Click to get started.

The School Year Is Winding Down

Unlike in late summer when you suddenly have a lot of clothes and school supplies to pay for, spring can be a relatively inexpensive time when it comes to school costs. Think back on when the school year started. What expenses took you by surprise? When creating a budget, you can specifically include these as line items for the month when these expenses occur.

You're Probably Thinking About a Vacation

When the weather warms up and the sun comes out, it's easy to start daydreaming about spending a few days at the beach or in a city you've always wanted to visit. With a great app like Mint, creating a budget for your summer vacation is easy, and it will help you plan financially for your vacation so you won't have to be overly reliant on revolving credit to pay for everything. Plus, planning early helps you get the best airfares and lodging rates.

You've Spied New Home Repairs That Are Necessary

Once the snow melts and the sun comes out, you may discover some home repairs that you can't put off any longer. And those spring rainstorms can make it clear if you have a leak in your roof. When creating a budget, you can set aside a specific amount per month to go toward home repairs, or you can create a line item for a specific repair. With Mint, you can budget for home repairs in the way that suits you best.

There's a Long Stretch Between Now and Gift-Giving Holidays

Of course people have birthdays year-round, but the spending that kicks off around Halloween and doesn't stop until the New Year is a long way away. Summer holidays tend to be more low-key, with relatively inexpensive cookouts and days at the lake compared to the big feasts and gift buying that come with the end-of-year holidays. This gives you a terrific opportunity to not only pay off your credit cards, but also to budget for those expenses ahead of time.

Creating a budget doesn't have to be a chore, and with Mint, it isn't. Mint ties together all your accounts in one place, so you can track your saving, spending, and investing conveniently. And Mint also offers free smartphone apps that allow you to carry your budget along wherever you go. It's a great way to develop more disciplined spending and make the most of the money you work so hard for.

Start now: Creating a budget with Mint helps you manage your money for your and your family's specific needs. Click to get started.