lctaylor: seven ways to stick to your budget

7 Ways to Stick to Your Budget

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Budget Tips

Sticking to a budget can be a difficult task. It takes work, dedication, and discipline. But once you get the hang of it,

budgeting becomes second nature.

Here are seven tips that will help you stick to your budget.

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Setting a goal for your budget will give you something to work for and measure your progress against

1. Set an Overall Goal

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Designate certain days to tackle different categories of your budget.

This will help to create a routine as well as save money.

2. Focus on Different Categories

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Start each month by setting a small amount of money aside for yourself before paying off your other expenses.

At the end of the month you can put this money into a savings account or use it to take care of any overages in your budget.

3. Pay Yourself First

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4. Educate Yourself

Learn all you can about finances, money management, and how you can

best invest in yourself, instead of taking the more common road of

instant gratification, overspending and endless debt.

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5. Keep Your Receipts

Save your receipts, and write down the places you spend money. You’ll be less likely to overspend if you realize how much money has actually gone through your hands.

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It may be a good idea to use cash instead of paying by plastic so you are not tempted to spend more than your budget. Just be sure to bring only what you need.

6. Use Cash But Take Only What You Need

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7. Pay Down Debt

If you have credit card debt, you may feel like it’s going to take forever to pay it off. But you can get ahead by choosing one card – ideally, the one with the highest interest rate, and paying as much as you can on it every month.

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The Bottom LineA budget isn’t a prison cell to keep you away from your money, it’s a tool you use to make sure your future is better and, yes, richer

than your present.

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