How to turn your neighbor into your jury?

Question

Ok, you decided to try budgeting.

Ask yourself interview questions about your budget like:

Do I really need this?
What would happen if I did not have this ________ (fill in the blank)?
What would it cost me to switch to a different phone service?
How many phones to I really need?
Do I really need cable?
Do I really need fill in the blank? And so on.

Answer 1

Turning your neighbor into your jury for budgeting accountability is a creative approach! Here’s how you can engage them effectively while conducting your self-interview process:

1. Establish a Rapport

• Start by having casual conversations with your neighbor. Build a friendly relationship so they feel comfortable being involved in your budgeting journey.

2. Explain Your Goals

• Share your decision to budget and why it’s important to you. Explain that you want to be accountable and would appreciate their input.

3. Invite Them to Participate

• Ask your neighbor if they would be willing to listen to your budgeting concerns and questions, acting as your “jury” to help you evaluate your choices.

4. Prepare Your Questions

• Use the interview questions you’ve formulated as a guide. Consider asking your jury-level neighbor the following:
  • “Do I really need this item in my budget?”
  • “What do you think would happen if I didn’t purchase this?”
  • “Have you found any good alternatives for ________?”
  • “In your opinion, how many devices/services do I realistically need?”

5. Engage Them in Discussion

• As you pose your questions, encourage your neighbor to share their opinions, experiences, and advice. This participatory approach can lead to productive conversations.

6. Record Feedback

• Take notes on their responses and suggestions. This will give you a reference point and show your neighbor that you value their input.

7. Follow-Up

• After discussing your budget, keep your neighbor updated about your progress. Share the changes you’ve made based on their input and ask for further feedback as needed.

8. Express Gratitude

• Thank your neighbor for their time and input. This will strengthen your relationship and may lead to future discussions about budgets and finances.

9. Consider Regular “Hearings”

• If your neighbor is open to it, schedule periodic budgeting sessions (monthly or quarterly) to review your goals and make any necessary adjustments.

By involving your neighbor in this way, you create a supportive environment while also obtaining valuable insights that can help you make better financial decisions. Good luck with your budgeting journey!