5 Tips For Making A Budget Foolproof So You Don’t Lose Money

Making a budget can be a very hard thing when you are just starting out. You write down your home budget and you say your going to follow through but it never seems to happen.

Hand written budget with a black pen.

There are many things you can do to foolproof your budget so that you don’t overspend.  This process can include a daily check on your blog or a friend.  Here are 5 ways you can fool proof your budget to help you stay where you need to and not go over budget each month.

5 Tips For Making A Budget Foolproof

Write your budget by hand

While this may take longer, it is a great practice to get used to so you are able to use your mind more so it becomes more concrete.

Use cash for your everyday purchases

This does 2 things, helps you to be accountable and helps you to not overspend.  You are accountable because you have to check your purchases and be sure you have the money for it.  It helps you to not overspend because if you shop with cash, you have what you have and can’t spend a cent more.

Have a friend who helps you

Talk about it with your spouse or someone who will give you the encouragement and advice that helps you to stay in budget.

A goal you’re trying to achieve

When you have no goal there is no reason to move.  You would just be aimlessly wandering if you had no goal.  This is the same with finances. without a goal, you just spend what you have and have a direction to move in.  So when you have a goal and deadline for that goal you are motivated and more aware of yourself and your spending.

Your budget or goal posted somewhere you see it every day

When you can see your goal every day you are reminded of your promise you are making to get there.  It also helps you to be analytical in your decisions so you are able to make things work how they need to to make your budget and money work for you.

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