Hello people…
I’ve been struggling to stick to a budget lately and could use some advice. What strategies do you use to successfully stick to your budget? Whether it’s apps, spreadsheets, or specific techniques, I’m open to any suggestions that have worked for you. TIA
Hi there, To stick to a budget, start by creating a realistic plan that accounts for income, expenses, and savings goals. Track spending regularly, prioritize needs over wants, avoid impulse purchases, and use budgeting tools or apps. Review and adjust your budget periodically to ensure it aligns with your financial goals and lifestyle changes.
I find it helpful to pay my bills at the start of the month rather than waiting until the end. I recommend setting up a separate savings account and making a habit of depositing a portion of your paycheck into it as soon as you get paid. It’s best to automate this process if possible. Consider opening a personal bank account that offers the option to allocate funds into different categories or utilize a budgeting app such as YNAB. Another option is to follow the cash budgeting system.
What specific item are you struggling with?
In my experience with money, always pay the pending and necessary bills first.
For example, I do not joke around with rent. Any extra money I have I will always put it in my rent bill. I like paying two months upfront at least.
I just think that having the money and still not deciding to pay it becomes detrimental for me in the long run
To stick to a budget, track all expenses, prioritize needs over wants, set realistic goals, and review your budget regularly. Use budgeting apps like YNAB or Mint for easier management, and practice self-discipline to avoid impulse purchases.
I recommend using budgeting apps like Mint, YNAB, or Personal Capital to monitor your spending, set limits, and receive alerts for overspending.