When I was paying my way through college, I worked as a leasing agent at a very large student property right off campus. The job kind of fell in my lap while I was contemplating ways to get out of my horrendous daycare job. The second I got offered the leasing position, I wrote “Today will be my last day” in crayon on a ripped piece of paper and never looked back. I was one of 22 agents in my office but I out leased all of my co-workers by a mile. I wasn’t some super sales person either, I don’t have a particularly bubbly personality. The difference was I HAD to make a certain amount of money to make ends meet.
This was right after the housing market crashed and my parents (both realtors) were simply unable to help me financially anymore. I knew exactly how much I needed to make to survive and I always chose to make way more just incase. I lived on whatever was left after my bills were paid. It usually wasn’t much, but I was a magician at making whatever I had last as long as I needed it too. I wanted to stay in school so I was willing to do whatever it took, to make it happen. It turns out, I was literally living the Anti-Budget.
Is your interest peaked? While, I won’t be using this method with my current finances, I remember totally using this method when I was younger and had a part time income. When I first heard someone call this method the Anti-Budget, my ears perked up. A financial blogger and podcaster Paula Pant of AffordAnything.com coined the name. For someone so into personal finance, she strikes me as somewhat of a free spirit. I really like that about her. Anyway, we will talk more about her in a minute, here’s how this method works. Are you ready?
- Pay all your bills upfront, including yourself aka move money into savings. Whatever is left, is what you live on. That’s it. You just live within your means. Crazy idea right?
Paula is a major endorser of traveling on any budget without going into debt. Even when she was living on very little, like $21,000 she still wanted to travel. So, she figured out how much she needed to save on top of her regular bills and whatever was left, is what she lived on. Not the other way around. The whole premise of her website is “You can afford anything, just not everything.” That is SO TRUE!
Maybe you just quit your job to pursue a freelance career or maybe you’re working part time while you’re in school. You don’t have a ton of income coming in, so you don’t need a super complicated budget. Do yourself a favor, don’t over complicate your finances. Live within your means and save. It’s as simple as that.
A few other things about Paula Pant, she has a following of about 40,000 subscribers. She’s traveled all over the world, makes a 6-figures through passive income (mostly through real estate investments and her blog) and has an awesome podcast channel. Check her out!