Easy Budgeting Tips for Quinceneara

Quinceneara OC

When asking for budgeting advice, you would most likely get the typical answer: “save where you can;” however, as everyone knows, it’s easier said than done. Budgeting is a difficult art. It’s a very fine line that people struggle to stay on, and once you’ve fallen, it’s tough to get back on. Nevertheless, simple and straightforward changes in your daily routine can definitely help you in the long run when it comes to saving. Here are some useful tips to make budgeting a habit rather than a chore.

1. Make a budget
Do some simple arithmetic to find out how much you can spend. Budgeting, as cumbersome as it sounds, can be translated into “how much you’re allowed to spend.” When there’s income, there’s outcome; and budgeting is simply the practice of figuring out how much of that income can be used. So grab a pencil and a piece of paper, and start calculating!

2. Prioritize your expenses
In order to work within your budget, you must cut down unnecessary spending. This is what people mean when they say “save where you can.” It seems like an obvious solution, but its mindboggling how frequently we turn a blind eye on smaller expenses. If you like to buy beverages from Starbucks or Coffee Bean, try making your own coffee at home or substitute it with cheaper alternatives instead. You’ll be amazed by how these seemingly insignificant changes can save you a lot of money in the long run.

3. Use cash
Overspending has everything to do with convenient ignorance. When you use debit or credit cards as your default payment, you’ll easily lose track of how much you’ve spent. Most people will check their online statements only once or twice a month. After you’ve calculated how much you can or should spend, try to allot mini-budgets for each week or month and withdraw cash for the exact amount. You’ll be less tempted to go on a shopping spree when you see a physical representation of how much money you have left.

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