1. List out your goals for the year.
This might seem redundant but putting pen to paper helps you to visualize the future that you want to create for yourself. Every time I want to accomplish a goal or Kitrick and I to accomplish a goal we put pen to paper so that we can see our future selves.
We want to accomplish many things but this is only possible if we create a plan to accomplish these goals. So let's review:
Not sure how? Check out this post - What is a Money Mindset? to get a more in depth picture about setting money goals.
2. Spend at least an hour a week on your budget and/or tracking of spending.
The only way to measure your goals is to track them! That means scheduling time to review your budget and ensure that you are on track on a periodic basis.
Personally, I check progress multiple times a week to ensure that we are not off track. These reviews also help to make sure that when issues happen we are able to adapt fast.
I want you to write schedule at least 30 to 60 minutes of time to review your budget each week.
3. Stick to your budget (or as close as you can).
Sometimes it can get hard to stick to a budget especially when you get an email about a store wide sale. Guess how you get over this? Unsubscribe from these emails that lead to spending temptation.
Every month you come up with a plan for your money for a reason...if you went off track every month then you might as well not have a plan.
The plan is there for a reason don't let your impulses ruin your end goal that you identified in tip 1.
4. Each month is new and comes with new expenses like gifts or appointments. Ensure that you update your budget to account for these expenses.
Tip 4 kinda speaks for itself. Plan ahead! That is the only way to create a budget that works for you.
You are your biggest advocate and your own worse enemy.
Let me know if you're following these guidelines!