Reported by Bahiyah Shabazz, MBA
“A shoestring budget refers to a very limited or small amount of money to spend on something. Shoestring budgets can relate to anything such as a budget for travel, an event or even a lifestyle.”~ Wise Geek
Shoestring budget has always been known to have a negative connotation. According to some sources, it began in a startup business phase in order to accumulate revenue. Today, it’s a term that is applicable in every business and household. During this time, we have found a way to make a shoestring budget seem sexy.
You can shop cheap, yet look expensive. Living on a shoestring budget allows the consumer to be conscious of every penny that leaves the household. It also leads to the excitement of knowing you can rock the same Vera Wang dress for half the price without it being a knock off.
Consumers are almost always seeking an opportunity to grab a sale. DSW is a shoe store that allows you to step into fashion. You will be walking on clouds knowing you were able to pay for shoes that were up to 80% off. I like to save $20 per month for 3 months then go to the clearance rack and find shoes with the color coded clearance tags. Cha-Ching!!! Shoes that were originally $125.00 are mine for $18.87. I now have enough to buy a dress and handbag to complete the ensemble.
Virtually anything can be classified as a shoestring budget when you are mindful of your expenses. It doesn’t mean that you are depriving yourself of your wants. It simply means that you are rewarding yourself with the need to live according to your financial status and not attempting to “Keep Up With The Joneses”. I strongly suggest you attempt your next visit to the mall, vacation or date on a shoestring budget. You will be amazed with the change within yourself and the change you’re able to deposit into the bank.
“Love Yourself Enough To Support Yourself.”
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