Budgeting is never easy. Events, surprise payments and birthdays seem to appear at a consistent and constant rate, making putting money to the side difficult. When you think you’re on track, a curveball can come out of nowhere and leave you penniless.
Well, what if we told you that there is a way to budget while also eliminating the stress?
1.)Make Small Changes
At times, budgeting feels overwhelming because you’re trying to do too much at once. Rather than do this, you should highlight problem areas that are costing you a lot of money. This could be your food shop, car payments or even rent. Tackle one of them and then once you have adjusted, tackle another one. This will make budgeting much less dramatic.
2.)Review Your Goals Often
We all lose sight now and then, so it’s essential to reaffirm your goals before you get carried away and undo every change you have made. Write down each goal you have and put a note of when you would like to achieve it by. If you ever forget as to why you are saving or have temptation knock at your door, look back at your goals as a gentle reminder.
Goals can be as big or small as you like. They could be:
- Saving for a house
- Putting money away for a new car
- Jetting off on an exclusive holiday
- For your wedding
- Buying the latest mobile phone
3.)Keep Your Expenses Low
Instead of cutting out all the things you love in the name of budgeting, see where you can save money easily. For instance, do you need a Netflix account if you hardly watch any of the shows, or do you need to pay for a TV licence if you do not watch live TV and live off Netflix instead? You can also reorganise your phone contracts and look for a plan better suited to your needs; mobile phone comparison sites like HandsetExpert can help you find a plan best for you.
While you may be saving for a house or a newcar, that does not mean you cannot live your life. Do not stop enjoying yourself and remember to enjoy a treat every now and then. This could be allowing yourself a barista coffee every Saturday or going out for a few drinks once a month. There is no point in putting the breaks on life if it is only going to make you miserable. Treat yourself by buying yourself a present.
5.)Get a Piggy Bank
The old tradition of saving money in a piggy bank isn’t one you should shy away from. Spare change tends to add up, so consider getting one and throwing any coins you have into it. Doing so should help your budgeting as well as saving efforts without straining you which should be your goal. You can take the money you save andput it into a savings account to help boost your finances.