how to manage your budget
Be Savvy

Here is Your Budget Management Program

Disclaimer: This post may contain affiliate links. This means that I may receive a small commission if you make a purchase, at no cost to you.

Think of your budget as a program for weight watchers. Managing your budget is exactly like managing your weight. What is your goal? Is it to save an x amount for a rainy day? Maybe it’s a downpayment on a car?

Follow These 3 Simple Steps:

  • First, you’ll need to understand your expenses. 
  • Next, organize all of your spendings into an easy-to-understand format (feel free to use my template). You’ll want to make sure that you are spending less than you’re making.
  • Create a budget, make a game plan, and adhere to it!

Just live with any weight management programs, you’ll need to understand where in the “weight journey” you are and what you would like your “ideal self” to look like. Ok, maybe not all weight programs, but I’m aggregating to make a point – so bear with me. You’ll create a budget of calories of how much you would be able to consume in a day. The next step is to plan out your meals and adhere to the plan.Similar logic follows with budgeting. In order to save, you need to figure out a max that you should allow yourself to spend on a daily basis. It works exactly a similar way as limiting yourself to a certain allowable daily calorie intake. You’ll just need to figure out what that allowable daily amount is.

Use Cash

How do you ensure that you don’t spend more than your allowance? Use cash, it’s as simple as that. When we use credit cards or bank cards, we tend to overspend and quickly get lured into impulse purchases. Now if you only had cash, you’d give it more thought about what you’re buying. Carrying cash with a daily budget is a great money-saving strategy to have. Not only does it let you have greater control of your savings, but you can even more. Whatever cash you have leftover at the end of the day – do not let it run over to the next day – put it in a piggy bank. This way, you get in the habit of only spending a certain amount without variability. You can then proudly empty the piggy bank at the end of the month and put it back in the bank. 

Conclusion

Managing your budget is as intricate as managing your weight. You should be keeping track of all of your spendings, as weight management programs tell you to keep track of your calories. Switch to using cash to ensure that you are not overspending, as you may with a credit or debit card.

Do you have an awesome money-saving tip? Please share in the comments, I love learning from you!

Leave a Comment!

I love hearing from you and as always would love to learn your ideas, perspectives, and comments. You don’t know, what you don’t know and I am all ears to hear about what you have to say. And if you just want to say “hi” – would love to take the opportunity to say “hi” back!

Related links:

 

Leave a Reply

Your email address will not be published. Required fields are marked *

shares