• Subscribe
    • Franklin Living Magazine
    • Services
      • About Us
      • Subscribe
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Birthday announcement
      • Engagement announcement
      • Wedding announcement
      • Submit a Classified Ad
      • Letter to the Editor
    • Classifieds
    • E-editions
    • Public Notices
      • Public Notices
      • Alabama Public Notices
    • Subscribe
    • Franklin Living Magazine
    • Services
      • About Us
      • Subscribe
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Birthday announcement
      • Engagement announcement
      • Wedding announcement
      • Submit a Classified Ad
      • Letter to the Editor
    • Classifieds
    • E-editions
    • Public Notices
      • Public Notices
      • Alabama Public Notices

Franklin County Times
  • Home
  • News
  • Sports
  • Opinion
  • Lifestyles
  • Obituaries
  • Records
  • Subscribe
  • Services
  • About Us
  • Subscribe
  • Policies
  • Terms of use
  • Submit a news tip
  • Submit a photo
  • Birth Announcement
  • Birthday announcement
  • Engagement announcement
  • Wedding announcement
  • Submit a Classified Ad
  • Letters to the Editor
  • Classifieds
  • Public Notices
    Franklin County Times
      • Site logo
      • Home
      • News
        • Russellville
        • Red Bay
        • Phil Campbell
        • Franklin County
        • Photo Galleries
        • Sponsored Content
      • Sports
        • Belgreen Bulldogs
        • Phil Campbell Bobcats
        • Red Bay Tigers
        • Russellville Golden Tigers
        • Tharptown Wildcats
        • Vina Red Devils
        • College Sports
        • Sports Columnists
      • Opinion
        • Letters to the Editor
        • Columnists
        • Editorials
      • Lifestyles
        • Birthdays
        • Births
        • Couples
        • Food
        • Features
      • Obituaries
      • Records
        • Sheriff’s Report
        • Marriages
        • Land Transactions
        • Police Reports
      • Special Sections
      • Site logo
      • Home
      • News
        • Russellville
        • Red Bay
        • Phil Campbell
        • Franklin County
        • Photo Galleries
        • Sponsored Content
      • Sports
        • Belgreen Bulldogs
        • Phil Campbell Bobcats
        • Red Bay Tigers
        • Russellville Golden Tigers
        • Tharptown Wildcats
        • Vina Red Devils
        • College Sports
        • Sports Columnists
      • Opinion
        • Letters to the Editor
        • Columnists
        • Editorials
      • Lifestyles
        • Birthdays
        • Births
        • Couples
        • Food
        • Features
      • Obituaries
      • Records
        • Sheriff’s Report
        • Marriages
        • Land Transactions
        • Police Reports
      • Special Sections
    Features, Lifestyles, LIFESTYLES -- FEATURE SPOT, Z - TOP HOME
     By  Staff Reports Published 
    9:02 am Tuesday, August 3, 2021

    Overcoming life’s budget barriers

    FRANKLIN LIVING— Barriers in life are tough, and they can crop up anywhere – your job, your spiritual life and your finances. Not many of us are lucky enough to never have to worry about saving our dollars and cents, and barriers to budget seem to be endless. In comparison, access to spending has never been easier.

    In today’s digital age of money, it seems budgeting is even more complicated because we’re spending money we never actually hold or see. Our payrolls are direct deposited, and you can make a purchase right from your sofa without even going to get your credit or debit card from your wallet. I once purchased a new Fitbit while I was in the middle of a 10-mile training session. With digital payments, I didn’t need my wallet or my card – just tapped “buy now” and continued my workout.

    As we’re crossing over the midpoint of the year, I think this is a great time to look at our barriers that keep busting our budget and put some effort into getting re-focused.

    Barrier 1 – Not having a good handle on what you’re spending. This includes regular monthly bills and all the other swipes and “buy nows.” When I teach financial literacy to students, the lesson on keeping up with what you’re spending comes immediately after saving. You don’t have to keep an old-school check register, but we need to do more than depend on the available balance showing in our mobile app. This balance might not be accounting for everything you’ve spent if a merchant hasn’t pushed their transactions through for clearing.

    What is the solution to this? Start getting a handle on what you’re actually spending. Download an app, use a pen and paper, whatever makes it doable for you. Track your spending so you know what you have to work with.

    Barrier 2 – Setting unrealistic goals. Let’s be honest: We all do it. We set some monumental – and fantastic – goal only to be severely let down.

    What is the solution to unrealistic goal setting? Set goals that make sense for you – you can even do daily and weekly goals instead of monthly – and start with baby steps. For example, “Today I will not eat out,” and put $10 into savings instead. Or “This week, I’m going to save $25,” then actually take that money and put it in an envelope or into your savings account. Make it tangible.

    Barrier 3 – Lacking in self-control. This one is probably the hardest. If I could insert emojis into this article, this would be a “cringing face.” Removing the temptation to spend is difficult because you have to spend to live and take care of your family. Many people have trouble with budgeting because we like to get out and do things. This barrier will definitely take the most practice.

    The solution to a self-control problem is to get self-aware first and foremost. Identify what common triggers are and, like with any hurdle, take them on one at a time. For example, maybe Amazon is making it just too easy to shop. Try deleting the app or taking a one-month no online purchasing challenge. Even putting the things into your cart but forcing yourself to wait two weeks or a month before purchasing can add some objective perspective. When I do this, I usually end up deleting the items when I go back to my cart. Sometimes self-control just comes down to tricking ourselves into doing or not doing something – and it is usually worth the challenge!


    Emily Mays is vice president/chief administrative officer at Community Spirit Bank in Red Bay, working in finance for 15 years. She is an enthusiastic social media marketer, financial literacy advocate and go-local supporter. She lives in East Franklin and has one daughter, Lola.

    Also on Franklin County Times
    PHOTO GALLERY: Jam at Sloss Lake
    Franklin County, Galleries, Lifestyles
    PHOTO GALLERY: Jam at Sloss Lake
    Griffin Traylor 
    July 9, 2025
    Auditor says city’s financial health is very good
    Main, News, Russellville, ...
    Auditor says city’s financial health is very good
    María Camp maria.camp@franklincountytimes.com 
    July 9, 2025
    RUSSELLVILLE -- The city has received what its auditor called a “clean opinion” on its fiscal year 2024 audit, meaning no significant deficiencies or ...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    Place of Grace opens recovery home in Franklin County
    Franklin County, Main, News, ...
    Place of Grace opens recovery home in Franklin County
    María Camp maria.camp@franklincountytimes.com 
    July 9, 2025
    The Place of Grace has opened a new recovery home in Franklin County, offering women a structured, faith-based environment to continue their journey a...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    Hamilton: Title II funding freeze is a concern
    Main, News, Russellville, ...
    Hamilton: Title II funding freeze is a concern
    Alyssa Sutherland For the FCT 
    July 9, 2025
    R U S S E L L V I L L E – Franklin County Superintendent Greg Hamilton is concerned about the status of more than $6 billion in federal education gran...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    Fire Department receives new $2.2M platform truck
    Main, News, Russellville, ...
    Fire Department receives new $2.2M platform truck
    María Camp maria.camp@franklincountytimes.com 
    July 9, 2025
    RUSSELLVILLE Firefighters and city officials showed off the Fire Department’s new $2.2 million 100-foot platform fire truck in a safety demonstration ...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    Palmer certified for fourth term on Russellville Council
    News, Russellville, Z - News Main
    Palmer certified for fourth term on Russellville Council
    María Camp maria.camp@franklincountytimes.com 
    July 9, 2025
    RUSSELLVILLE – The city council approved a certificate of election stating Councilman David Palmer was the only candidate to qualify for Council Distr...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    Summer camps nurture faith, friendship and growth
    Columnists, Opinion
    HERE AND NOW
    Summer camps nurture faith, friendship and growth
    July 9, 2025
    Susie Hovater Malone Columnist During the summer many Franklin County youths enjoy attending summer camps, where they engage in hiking, swimming, spor...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}
    The prosperity we enjoy depends on Sea Lanes of Communication
    Columnists, Opinion
    The prosperity we enjoy depends on Sea Lanes of Communication
    July 9, 2025
    The Pax Americana, the period since World War II when there have been no major world wars, has led to the greatest period of freedom the world has eve...
    {"epopulate_editorials_prism":"epopulate_editorials_prism"}

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    ❮ ❯
    Latest Local News
    PHOTO GALLERY: Jam at Sloss Lake
    PHOTO GALLERY: Jam at Sloss Lake
    July 9, 2025
    Auditor says city’s financial health is very good
    Auditor says city’s financial health is very good
    RUSSELLVILLE -- The city has received what its auditor called a “clean opinion” on its fiscal year 2024 audit, meaning no significant deficiencies or ...
    July 9, 2025
    Place of Grace opens recovery home in Franklin County
    Place of Grace opens recovery home in Franklin County
    The Place of Grace has opened a new recovery home in Franklin County, offering women a structured, faith-based environment to continue their journey a...
    July 9, 2025
    Hamilton: Title II funding freeze is a concern
    Hamilton: Title II funding freeze is a concern
    R U S S E L L V I L L E – Franklin County Superintendent Greg Hamilton is concerned about the status of more than $6 billion in federal education gran...
    July 9, 2025
    Fire Department receives new $2.2M platform truck
    Fire Department receives new $2.2M platform truck
    RUSSELLVILLE Firefighters and city officials showed off the Fire Department’s new $2.2 million 100-foot platform fire truck in a safety demonstration ...
    July 9, 2025

    More Local News

    Latest Stories
    Municipal elections: Let your voice be heard on Aug. 26
    Qualifying for municipal races across the state, including Franklin County, closed on June 24 leaving several contested races leading up to the Aug. 2...
    July 9, 2025
    TVA surcharge to raise August bills for customers
    RUSSELLVILLE Electricity customers should expect higher bills in August as TVA passes along a surcharge driven by high summer demand and a recent outa...
    July 9, 2025
    Hutcheson participates in CCHS program
    Hutcheson participates in CCHS program
    PHIL CAMPBELL — Rising Phil Campbell High School senior Hudson Hutcheson spent most of his summer at the University of Alabama. An aspiring dentist, h...
    July 9, 2025
    Being struck by lightning was ‘shocking experience’
    Being struck by lightning was ‘shocking experience’
    RUSSELLVILLE — Lisa Henderson was lying on her bed, scrolling through social media sites on her phone and enjoying a cozy, rainy Sunday afternoon with...
    July 9, 2025
    Jeffreys named new head football coach at Red Bay
    Jeffreys named new head football coach at Red Bay
    RED BAY -- Tyler Jeffreys has been named the new head coach at Red Bay High School. Jeffreys is stepping in to replace Heath Childers, who recently re...
    July 9, 2025
    Latest Sports
    Jeffreys named new head football coach at Red Bay
    Jeffreys named new head football coach at Red Bay
    RED BAY -- Tyler Jeffreys has been named the new head coach at Red Bay High School. Jeffreys is stepping in to replace Heath Childers, who recently re...
    July 9, 2025
    Hamilton to play baseball at Blue Mountain College
    Hamilton to play baseball at Blue Mountain College
    RED BAY -- Red Bay High School’s Reed Hamilton has officially signed a scholarship to continue his education and baseball career at Blue Mountain Coll...
    July 9, 2025
    Allison tapped to lead Lady Bobcats softball
    Allison tapped to lead Lady Bobcats softball
    PHIL CAMPBELL -- A familiar face will be leading the Phil Campbell High School Lady Bobcats softball program next season. Darby Allison, a 2007 gradua...
    July 2, 2025
    6 local students accepted into FAME program
    6 local students accepted into FAME program
    Northwest Shoals Community College (NWSCC) has signed 6 Franklin County students to its 2025–26 Federation for Advanced Manufacturing Education (FAME)...
    July 2, 2025
    Junior golfers hone skills through summer program
    Junior golfers hone skills through summer program
    RUSSELLVILLE -- A young generation of golfers teed off this summer at Twin Pines Country Club, thanks to a local effort to create opportunities for ch...
    July 2, 2025

    More Sports Stories

    x

    Sections

    • Home
    • News
    • Sports
    • Opinion
    • Lifestyles
    • Obits
    • Special Sections
    • Sponsored Content
      • Home
      • News
      • Sports
      • Opinion
      • Lifestyles
      • Obits
      • Special Sections
      • Sponsored Content

    Services

    • About Us
    • Subscribe
    • Advertise With Us
    • Policies
    • Terms of use
    • Submit a news tip
    • Submit a photo
    • Birth announcement
    • Birthday announcement
    • Engagement announcement
    • Wedding announcement
    • Submit a Classified Ad
    • Letter to the Editor
    • Sign Up For Our Free Newsletter
      • About Us
      • Subscribe
      • Advertise With Us
      • Policies
      • Terms of use
      • Submit a news tip
      • Submit a photo
      • Birth announcement
      • Birthday announcement
      • Engagement announcement
      • Wedding announcement
      • Submit a Classified Ad
      • Letter to the Editor
      • Sign Up For Our Free Newsletter

    Follow Us

    Copyright

    © , Franklin County Times