Budgeting Helpers To Keep You On Track

Sticking to a budget isn’t always easy - especially if you are used to buying whatever you want whenever you want it. But a little commitment and some simple helpers can make you more financially sound in no time.

Use The 30-Day Rule

Eliminate the impulse purchases by utilizing the 30-day rule. When you want something nonessential wait 30-days and if you still want it make a plan to purchase it.

It may seem simple but more often than not you will forget about the product you wanted to buy because you never really needed it. This can be incredibly helpful in our Amazon economy where everything is just one click from your doorstep.

Try Out The Cash Envelope System

This one is a pretty great idea. When you develop your monthly budget go to the ATM once and withdraw all the cash you are budgeted to spend for the necessities like gas and food. Then separate the cash into envelopes by category. Once the envelope is empty it’s gone and you cannot spend in that category until the next month. You can read a much more detailed explanation in The Penny Hoarder.

Essentially this system makes you stick to your budget out of sheer necessity. When you are using cash for everything you are much more aware of what you are buying and how much it costs. As you use this system you will develop an understanding of what your budget can buy and how you can live within it. Some even find a challenge in trying to have leftover money in their envelopes at the end of the month.

A Myriad Of Apps

As you probably expect, there are a ton of budgeting apps on the market to help you stay on track. The most popular one is Mint. Mint is a free app that connects with all of your online accounts to give you a thorough overview of your spending. The app updates automatically so you always know where you stand in your budget.

Additionally there are many others depending on your needs and lifestyle. A great guide can be found on NerdWallet.

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