I started homebrewing about five years ago. I had just gotten a real job and apartment, so as far as new hobbies go, it was the perfect time. And it was awesome! I loved it! Well, until the time came to bottle it, that is. Between cleaning, sanitizing, and filling 50 individual bottles, I got kind of sick of the process.
So, like an actor in an infomercial, I threw my hands up and shouted, "There's got to be an easier way!" Turns out there was: popping the sudsy stuff in a keg, instead.
I got right to work, drawing up plans for what would be my crowning achievement: a four-keg system, jet black, outfitted with rosewood, stainless steel, and every bell and whistle I could imagine. It was perfect on paper – artistic, even.
But it was expensive. And I had a job at the time making less than $15 per hour...
Here's what I did.
First step: calculate how much I'd need for the build. Between the freezer, temperature controller, and all the bells and whistles and equipment, I was looking at around $1,000 (I never said this was a cheap project).
Next came the timeline. For this, I needed to figure out how long it would take to afford the build based on how much I could set aside. That was around $50 per paycheck, give or take. At that rate, it would take me around 20 paychecks – the better part of a year. That didn't deter me, though. Some months I could contribute more, and at other times I could do less.
You see, that's the thing about budgeting: sometimes you need to be fluid (pun intended). Life happens – whether it's an unexpected car repair or the electric bill is higher than normal, you need to adjust your "wants budget" alongside the "needs budget".
But after several months, I did it.
And I have to tell you: pouring that first pint felt amazing!
Have a simple system.
All this is to say, budgeting for a goal doesn't have to be complicated. It's as simple as getting a price, saving some cash, and making it happen. For me, it was a keg system. For you, it could be a vacation or a trampoline.
Here's a three-step system to a savings goal:
- Take your paycheck and chop out your expenses (taxes/rent/bills/food/life)
- Decide what you can set aside each month in savings
- Divide the total cost of your goal by what you can set aside
And, just like that, you've got a timeline for hitting your goal. Find something you're passionate about, decide what you can afford, make a budget, and just go for it. Above all, make it work for you.
Cheers.
-Devin M.
