Budgeting is usually not very fun. It can be hard to say “no" to small impulse purchases. However, creating and sticking to a budget can help secure your financial stability. There are many guides and tips out there, but a lot of them can be confusing or unhelpful. Budgeting doesn't mean you have to cut all of the fun out of your life. It is just a tool to keep your spending to a reasonable level. Here are a few steps to take in creating and maintaining your personal budget.


1. First, record your spending habits

Pick a period of time you would like to set your budget to last. This is usually a recurring monthly budget, but you can base it on your paycheck cycle too. Once you've decided when your budget will reset, start recording your purchases over the chosen period of time. Record everything you buy from rent to groceries to movie tickets. This will allow you to see how much you're spending and where. It is especially useful if you have multiple bank accounts and credit cards. After the set period is over, you can use your spending log as the basis for your budget.

2. Next, choose what you can cut back on

Go through your spending log and decide what you can cut back on. Mark out your essentials first. You probably can't change your rent or mortgage payment. You should also set aside a decent amount for groceries, gas and other necessities. Then, you can choose what frivolous expenses to cut back on. Maybe you should stop eating out so much or stop spending so much on movies or video games. You can still have money set aside for fun and games, but make sure it's at an affordable level.

3. Create specific categories with set spending limits

This is often referred to as the envelope system. Create categories for all of your expenses. Rent, utilities and all other essential expenses can go into one category. You can make food another and so on. You can divide up your expenses however you want. Having separate small budgets for each area of your life will help you manage your budget more efficiently. Instead of obsessing over your monthly budget with every purchase, you can focus on the specific spending limits you've set in each category. It will reduce your stress and keep you on track.

4. Remember to save for emergency expenses and special purchases

Saving money is also important — just in case. Having a decent savings account can help you in many situations. When an emergency expense pops up, you'll be able to cover it with little issue. Saving regularly also lets you splurge on bigger purchases every once in a while. Maybe you desperately want to see your favorite singer's concert or a purchase a brand new game console. With your savings, you'll be able to afford the occasional splurge without breaking the bank.

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Over two years into the most momentous event in our lives the world has changed forever … Some of us have PTSD from being locked up at home, some are living like everything’s going to end tomorrow, and the rest of us are merely trying to get by. When the pandemic hit we entered a perpetual state of vulnerability, but now we’re supposed to return to normal and just get on with our lives.

What does that mean? Packed bars, concerts, and grocery shopping without a mask feel totally strange. We got used to having more rules over our everyday life, considering if we really had to go out or keeping Zooming from our living rooms in threadbare pajama bottoms.

The work-from-home culture changed it all. Initially, companies were skeptical about letting employees work remotely, automatically assuming work output would fall and so would the quality. To the contrary, since March of 2020 productivity has risen by 47%, which says it all. Employees can work from home and still deliver results.

There are a number of reasons why everyone loves the work from home culture. We gained hours weekly that were wasted on public transport, people saved a ton of money, and could work from anywhere in the world. Then there were the obvious reasons like wearing sweats or loungewear all week long and having your pets close by. Come on, whose cat hasn’t done a tap dance on your keyboard in the middle of that All Hands Call!

Working from home grants the freedom to decorate your ‘office’ any way you want. But then people needed a change of environment. Companies began requesting their employees' RTO, thus generating the Hybrid Work Model — a blend of in-person and virtual work arrangements. Prior to 2020, about 20% of employees worked from home, but in the midst of the pandemic, it exploded to around 70%.

Although the number of people working from home increased and people enjoyed their flexibility, politicians started calling for a harder RTW policy. President Joe Biden urges us with, “It’s time for Americans to get back to work and fill our great downtowns again.”

While Boris Johnson said, “Mother Nature does not like working from home.'' It wasn’t surprising that politicians wanted people back at their desks due to the financial impact of working from the office. According to a report in the BBC, US workers spent between $2,000 - $5,000 each year on transport to work before the pandemic.

That’s where the problem lies. The majority of us stopped planning for public transport, takeaway coffee, and fresh work-appropriate outfits. We must reconsider these things now, and our wallets are paying

the price. Gas costs are at an all-time high, making public transport increase their fees; food and clothes are all on a steep incline. A simple iced latte from Dunkin’ went from $3.70 to $3.99 (which doesn’t seem like much but 2-3 coffees a day with the extra flavors and shots add up to a lot), while sandwiches soared by 14% and salads by 11%.

This contributes to the pressure employees feel about heading into the office. Remote work may have begun as a safety measure, but it’s now a savings measure for employees around the world.

Bloomberg are offering its US staff a $75 daily commuting stipend that they can spend however they want. And other companies are doing the best they can. This still lends credence to ‘the great resignation.’ Initially starting with the retail, food service, and hospitality sectors which were hard hit during the pandemic, it has since spread to other industries. By September 2021, the US Bureau of Labor Statistics reported 4.4 million resignations.

That’s where the most critical question lies…work from home, work from the office or stick to this new hybrid world culture?

Borris Johnson thinks, “We need to get back into the habit of getting into the office.” Because his experience of working from home “is you spend an awful lot of time making another cup of coffee and then, you know, getting up, walking very slowly to the fridge, hacking off a small piece of cheese, then walking very slowly back to your laptop and then forgetting what it was you’re doing.”

While New York City Mayor Eric Adams says you “can't stay home in your pajamas all day."

In the end, does it really matter where we work if efficiency and productivity are great? We’ve proven that companies can trust us to achieve the same results — or better! — and on time with this hybrid model. Employees can be more flexible, which boosts satisfaction, improves both productivity and retention, and improves diversity in the workplace because corporations can hire through the US and indeed all over the world.

We’ve seen companies make this work in many ways, through virtual lunches, breakout rooms, paint and prosecco parties, and — the most popular — trivia nights.

As much as we strive for normalcy, the last two years cannot simply be erased. So instead of wiping out this era, it's time to embrace the change and find the right world culture for you.

What would get you into the office? Free lunch? A gym membership? Permission to hang out with your dog? Some employers are trying just that.

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Did you hear about the Great Resignation? It isn’t over. Just over two years of pandemic living, many offices are finally returning to full-time or hybrid experiences. This is causing employees to totally reconsider their positions.

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