Finance Talk: How to Budget


Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. –Dave Ramsey

I’m always saying that I budget my money but truth is I haven’t been. Lately, with the sudden increase in my paychecks (Hello bonuses!) I am having difficulty with budgeting my money. Truth be told, I think I am even overspending. Ack. 😐

Today’s post is mainly a reminder for me but I bet it can also help you in our quest to stick to our daily budgets.

1. Start small

Don’t overthink things first. Start small and make a realistic budget for yourself. It is important to create a habit you can stick to so it will be easier to make changes once you get into the flow of things.

2. Set goals

It is important to set goals for yourself. Ask yourself why you need to keep within your budget. Once your main goal is identified, you can use this to motivate you. (Especially when you feel like cheating!)

3. Remind yourself

It is so easy to fall off the wagon and completely forget why you are trying to budget in the first place. Constantly remind yourself of your goal (tip #2). Maintain your focus by posting daily reminders, blogging/writing about it or as simple as posting stuff about it on social media. Do whatever it takes to help you from getting distracted from your ultimate goal.

4. Have support

One thing that would really mean a lot when it comes to financial matters is support. If you are in a relationship, it is essential to get support from your partner. It helps if they have the same financial plans/goals as you. Imagine a situation like when you are on a date and you are deciding whether or not you would like to eat out or just have a nice meal at home. It’s simple things like this that really matter.

5. Cash only, if possible

This tip is for me!!! I really think I need to cut my credit card in half. LOL. Kidding aside, it is really very difficult to keep track of your expenses and how it affects your budget if all of it is electronic. However, if it really unavoidable, I suggest reading tip number six.

6. Keep track of your expense

It is important to keep track of your expense so you can plan your budget accordingly. You can make lists, use apps or even make charts just to keep track of it all. Proper knowledge and planning is super important and helpful.

7. Reward yourself

After all your hard work, it helps to keep motivated if you have rewards. It doesn’t mean you reward yourself by using up all of the money you saved because you successfully budgeted for a week/month but rather reward yourself with a few extra pesos (or dollars). It is a simple way to keep yourself motivated to do it again. 🙂

If you reach this part, thank you for reading this little post (reminder) of mine. If you want to read my tips on how to save money, click here. I hope to really stick to my budget this holiday season.

Wish me luck! Oh and if you have other tips for me, feel free to drop a line!

Happy Fridays!


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