How to succeed with your budget

[Augusta]

One thing is to have a budget in place another is to make it work. So as such there should be a concious effort on your part to make it work.

You can do the following:

Budget mostly on your net income: this is the money that is yours after deductions of expenses

Keep track of spending daily and let it not surpass the budget you had for that day

Sets the financial goals you want to achieve and work towards it with the budget you have.

Make your plan and See how you can execute using your set budgets and don't forget to track your spending too. This will keep you on your budget to avoid executing a plan that will be higher than your net income

Adjust your budget if necessary to get a positive result.

What's your thoughts on this?

 

[Alexandoy]

The crux of the budget is the impulsive buying not to mention the emergency expenses. Most of the time the budget is holding on and your willpower had spared you of unnecessary spending. However, when the budget for the day (or for the week) falls short then you have to sacrifice for the next budget period so as not to derail the financial program.

 

[Augusta]

The crux of the budget is the impulsive buying not to mention the emergency expenses. Most of the time the budget is holding on and your willpower had spared you of unnecessary spending. However, when the budget for the day (or for the week) falls short then you have to sacrifice for the next budget period so as not to derail the financial program.

Definitely, in almost everything we need to sacrifice to get things right. If you can’t get it right at the present due to whatever reasons then going for the next month budget will need you sacrificing for the previous month. The most important thing is to still pick u self when you derail