The budgets of most people revolve around three things: food housing and transportation. You must set aside a percentage of their salary to cover these costs and any debt payments or loans, must decide what priority you assign to savings household expenses professional expenses and entertainment.
Take a specific time
Once you decide what you need to buy, such as a specific item or a new computer, for example, allow a specific time to make the purchase. You want to get the best price comparing items but you should not waste precious time on many options. Probably your instinctive reaction will be the best decision.
Consider the year, not just the month
An annual budget is preferable because the tendency is to feel less secure in monthly estimates. Therefore, you add more booking for unforeseen expenses and you can keep your budget.
Save money for entertainment
People get pleasure from activities like vacations, movie tickets and hobbies. Do not forget to save some money for entertainment.
Consider your highs and lows
A review of the financial difficulties in recent months will help you identify your weaknesses. Did you spend twice the normal on plane tickets because you waited too long to buy them? Also, take into account the good decisions you have made whether you compared the prices before buying a new TV or cooked more at home.
Be careful with sales
Many people make the mistake of buying products for the simple fact that they are for sale. This marketing strategy can cost you money if you realize it. For example, you go to the supermarket with a list and suddenly notice that the cereal is for sale so you buy the cereal but it turns out that it was not on your list and ends up paying more. Buy only what you need and if one of the items on your list is for sale then much better.
Write down your expenses daily
Write down everything you buy for two weeks you may be surprised to discover the weaknesses in your budget. Instead of spending lunch outside and in a taxi you may be spending more money on coffee and drinks after work. Check the list after two weeks and see what is out there.
If you were on a diet Would you spend the whole day looking at desserts or chips? So why is it tortured with catalogs full of shiny, new and tempting gadgets that arrive daily in the mail? Cancel subscriptions.
Diets that force people to erase almost everything tasty from their meals are not very successful. This principle applies also to money. To deny material pleasures turns money into a very sad subject rather than a powerful one. After all, you work for your money therefore you should give it pleasure.