Sticking to a budget doesn’t have to be such a huge challenge for you. You can begin with the following tips:
Take some time to write down your expenses.
Create a list of every item your money goes into (such as food, transportation, and bills). Also write down your sources of income. The idea of writing is this: you don’t want to forget, and you want to keep track of your expenses. You can also use the information for reference.
Pay off the bills.
Before you actually do your shopping, make sure you have already paid your bills, including your credit cards and mortgage. Of course, keep some as savings. This way, you can spend your cash any way you want to.
Learn to control yourself.
It’s very important you can learn how to control your splurges or shopping addiction. It’s not going to be easy, especially if you’re already used to it. However, subliminal messages may be helpful. Here are some of them:
- I can control my shopping urges.
- I prioritize my needs over my wants.
- I don’t need a lot in my life.
- I value every penny I receive.
You can listen to these subliminal messages when you’re doing meditation or visualization.
It’s easy to swipe a debit or credit card and walk out of a store with your purchase. You can’t really see the money or see what you are spending this way. If you want to stick to your budget however, you must be conscious of every purchase. You can do this by using cash. Take a certain amount of cash out of your account each week to spend on gas, food, and those extra expenses you might not really need. When you actually see the money leaving your hand, you will be less likely to spend all of it at once.
Teach others to save.
Educate your children and spouse how to control the expenses. For instance, you may postpone gift giving to kids during Christmas. Opt for hand-me-downs than new clothes, particularly if the former still look okay. Request your spouse to help you prevent hoarding items.
Don’t live beyond your means.
Your money has its own limitations. Honor it. If you desire so much more, you can learn to cut back on other expenses, look for higher-paying jobs, or accept part-time work as means to increase your income.
Moneylender Singapore is the most perfect directory of licensed moneylender. To grab more information, please visit www.sglicensedmoneylender.sg