Module nine stick with your budget. Henrietta see Mears was once quoted with time cannot be saved it can only be spent and if not spent wisely and well it is wasted. Don't waste your time building a budget and not sticking to it. By now you have the tools, there's no excuse, build your budget and stick with it. You will be greatly benefited in the end, use cash for weekly allowance. We touched on this a little bit with the envelope method.
Giving yourself a weekly allowance in cash is a great way to stick with your budget. When you're out of money, then that's it no more spending. You will eventually learn how to stretch your book and be satisfied with just staying in some nights. What you need to do is determine what your allowance will be and pull the cash out of the bank. On average after six months you will notice that you are able to make it last longer and you will be able to save more money in your bank account. accountability to family or friends.
Sometimes when something is tough, we need the support of Family and friends. A budget is a complete lifestyle change and sometimes it can be hard to stick with. At times we as humans can be impulsive. We have all had those moments of weakness where the sale signs were beckoning too loudly. Having the support of family and or friends to reel you back in comes in handy. Sometimes we need to have someone nudge us and say, hey, you're doing so well sticking to your budget stay on course.
Sometimes that gentle reminder from your friend or family member is just enough to snap you back into your senses. Set up a different account for savings. These days a lot of banks will offer for their customers to have a separate savings account free of charge. Many times you can have more than one savings account Also, if you are saving for different goals. Sometimes sending that money to another account will help you not to spend the money. It creates an out of sight out of mind scenario.
When you're not actively seeing that money you forget that it is available. Having it out of your reach when impulse kicks in can help you save that money. If you have the money on hand in your home, it might be too tempting and you would end up spending it remind itself of benefit to sticking with budget. It is very useful to have family and friends remind you to stay on track. But at the end of the day, you are in charge of yourself. It's your job to keep yourself on track and be positive about your budget.
Reminding yourself often of the benefits of your budget is important. Also, reminding yourself of the goals that you will achieve will be helpful in sticking to your budget. Just remember keep a positive attitude and take it one day at a time. Case Study. Clive and Luke have both formatted and begun using a budget. The first two months all goes well.
At the third month they both begin to waver. Clive enlists the help of his friends and the resources that his bank to stick with his budget. Luke decides that he can splurge here and there. by month five Clive is still on track and is able now to see a sizable Saving start to Ms. Luke has completely thrown out his budget and is back to spending more money than he makes. He feels bad about himself that he couldn't or wouldn't stick with a path that he'd set out on.