We’re a few weeks into the New Year, and it’s probable that many resolutions revolve around the subject of budgeting. It’s not the most exciting of things, but it is often necessary. There are a few things you can do, however, to make the jump a bit more comfortable.
Start small – If you’re new to really watching your budget, consider starting out by cutting some of the smaller expenses. Do you buy a cup of coffee on your way to work every morning? Try taking some home-made brew to go instead. Even if you only spend two dollars a day on coffee, that’s an extra $40-50 a month you’ll end up saving.
Switch to cash – It’s so easy in today’s society to mindlessly hand over our credit card every time we think we need something. Instead, try withdrawing an amount of money that you feel comfortable allowing yourself to spend for the week and carry the cash with you. Having that certain amount and actually seeing it diminish as you spend will help keep you on track and not splurge on something in the moment.
Have a trial run – For the bigger expenses like that magazine subscription, Netflix account, or HBO movie pack, consider challenging yourself to a few months without. Cancel your extra accounts, and consider it to be a temporary trial. Note the things that you really miss and the others you realize you can live without. You can always start them up again when you feel the need.
Treat yourself – Don’t be too hard on yourself. It’s important to reward yourself for good
budget behavior every now and again. Try picking something inexpensive that you can treat yourself to each week or every two weeks. Having that something to look
forward to will make getting there a lot easier, plus you won’t get burnt out from continually denying yourself some good fun.