25 Simple Ways To Keep A Budget And Live Within Your Means

Most of us are really bad at managing our money. We’re terrible in fact. From student debt and mortgages to credit cards and car loans, most people are in the red when it comes to their finances. Today we’re going to take a close look at how we can prevent ourselves from committing fatal financial errors. Budgeting is the obvious answer, but how you budget is even more important. You can’t just wake up one day, create a budget, and hope to stick to it. It’s kind of like a new year’s resolution to work out at the gym. They’re a dime a dozen but very few people stick to them. To follow your budget you will need to start living a principled life. This is hard because it will mean forgoing certain things that you want to do or giving up various desires. If you successfully implement everything that we talk about in this list you should be well on your way to living a more responsible life, at least in financial terms. Just remember, change doesn’t happen overnight, usually it can take a while. These are 25 simple ways to keep a budget and live within your means.

Featured Image: 401(K) 2012 via Flickr

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25

Never go grocery shopping hungry. Studies show that you are more likely to overspend.

Never go grocery shopping hungrySource: reddit, Image: wikipedia
24

Sleep on it before you make purchases. This will keep you from making impulse buys.

Sleep on it before you make purchases. This will keep you from making impulse buys.Source: reddit, Image: pexels

23

Before you even pay the bills, take 10% of your income and put it in savings

Before you even pay the bills, take 10% of your income and put it in savingsSource: reddit, Image: Simon Cunningham via Flickr
22

Before your buy anything, calculate how many hours it took you to earn that amount. This is another way to avoid impulse buys.

Before your buy anything, calculate how many hours it took you to earn that amount. This is another way to avoid impulse buys.Source: reddit, Image: pexels

21

Keep all of your receipts or make your own and at the end of the day list your expenditures

Keep all of your receipts or make your own and at the end of the day list your expendituresSource: reddit, Image: wikipedia


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