1. Keep it real
If you give yourself a budget of say 100 dollars, try to remain within the budget instead of winding up spending up to more than three times that figure. Even if you give in to your temptations, do not let it all go, try to meet the budget in the middle by not overly exceeding the limit. The closer you plan and act according to your budget, the more likely are to stick to it and make it a reality instead of theoretical emphasis.
2. Set up auto draft
This is a relatively easy and straightforward way to tackle your temptation of spending over and beyond budget on anything that lures you, whether it may be delicious food, beautiful clothes or a fancy drink. By setting up an auto draft, your money goes straight into your car fund or Christmas fund directly aiding your aim of establishing long-term fund saving.
3. Plan your meals
Instead of going on a food frenzy, plan your meals for the week. Plan on what you want to eat for your breakfast, lunch, dinner, and snacks. Being prioritized and focused can help you from spending large amounts for cash for a quick meal.
4. Break it up
When you have plans to watch new movies, plays and indulge in other sorts of entertainment, do not forget to break up your money earned and set a specific amount for each week. This is a smart manner in dealing from blowing your money off in the first week and enables you to watch every cinema you wanted to see that month or week.
5. Consult your social calendar
You will have significant social events coming up on your schedule. Birthdays, retirements, anniversaries and those sorts of activities will need a certain amount of money. You can plan accordingly by building budgets for your social events by keeping track of them in your schedule or calendar.
6. Wait it out
When you find you want that particular jacket, but you don’t have the fund for it, you should take a deep breath and tell yourself you will get it next month. By the time you earn your next paycheck, you will either get better items to purchase or outgrow it.
7. Drop the credit card
Do not fall into credit card traps. It is an addictive but dangerous method of payment as it allows you to purchase any item of desire and pay only after a few weeks. But when the bill comes due, it is often unbearable to look at the figure causing panic and havoc. An easy tip to tackle this issue would be to drop your credit card and focus on cash and debit card payments that are bound to keep you in check.
8. Use a budget buddy
When you find yourself consistently overspending, seek help from an account oriented person that can help you create an ideal budget for you and help you with professional advice when you need it.