Sticking to your budget can be hard but it's an important factor when managing your money. From setting goals to paying with cash, LCTaylor offers 7 ways to stick to your budget.
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LCTaylor: Seven Ways to Stick to Your Budget
1. 7 Ways to Stick to Your
Budget
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2. Budget Tips
Sticking to a budget can be a difficult task. It takes work, dedication,
and discipline. But once you get the hang of it, budgeting becomes
second nature.
Here are seven tips that will help you stick to your budget.
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3. 1. Set an Overall Goal
Setting a goal for your budget will
give you something to work for
and measure your progress
against
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4. 2. Focus on Different Categories
Designate certain days to tackle different
categories of your budget.
This will help to create a routine as well as
save money.
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5. 3. Pay Yourself First
Start each month by setting a small amount of
money aside for yourself before paying off your
other expenses.
At the end of the month you can put this
money into a savings account or use it to take
care of any overages in your budget.
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6. 4. Educate Yourself
Learn all you can about finances, money
management, and how you can best invest
in yourself, instead of taking the more
common road of instant gratification,
overspending and endless debt.
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7. 5. Keep Your Receipts
Save your receipts, and write down the
places you spend money. You’ll be less
likely to overspend if you realize how much
money has actually gone through your
hands.
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8. 6. Use Cash But Take Only What
You Need
It may be a good idea to use cash
instead of paying by plastic so
you are not tempted to spend
more than your budget. Just be
sure to bring only what you need.
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9. 7. Pay Down Debt
If you have credit card debt, you may feel like it’s
going to take forever to pay it off. But you can get
ahead by choosing one card – ideally, the one with
the highest interest rate, and paying as much as you
can on it every month.
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10. The Bottom Line
A budget isn’t a prison cell to keep you
away from your money, it’s a tool you
use to make sure your future is better
and, yes, richer than your present.
For additional information
visit LCTaylor.com
Visit LCTaylor.com 1.800.463.8371