Write about your approach to budgeting.
I live on 2 pensions, and I’m grateful I have them. I’m a disabled veteran with a good number of invisible disabilities. Maybe the fact that I wear hearing aids is the most evidence that I have a long list of physical, psychological, and neurological disabilities.
Unfortunately, I have debt and bills, but I live a decent lifestyle so far. About a third of my monthly income goes towards debt, phone bill, insurance, and other fees, a third goes towards rent and other expenses, and then a third on food, transportation, entertainment options.
Every month, I use the calculator on my phone to figure out my monthly budget. It’s based on financial anxiety, cuz I try to figure out my expenses after I pay my bills and rent, and see if I have enough to have any disposable income.
The expenses vary month to month. Some months I stick to a budget, other times I go over and have to use credit or cut expenses elsewhere. I cook my own meals more often (food service experience has come in handy), I tend to buy the cheapest food products of foods I will likely eat. I will shop at thrift stores and discount supermarkets. I buy the cheapest brand of cigarettes, or switch to vaping if it’s the cheaper option.
I have a smaller amount left over for fun money, and sometimes I help out family and friends. I’m treading water financially, but I lived through worse. It’s at the point where I’m looking into passive income and side gig work.
I wish that I was better with money, but at the same time don’t want to give up certain comforts and conveniences. I have made small investments that I hope pay off, and I hope that I have the wisdom, connections, and funds to see a good bargain or opportunity in the future.
HETTY 