Money is great, and we all love having it and wish we could have more, that is an undeniable fact of life right there. What’s not so great and not as loved is budgeting. Keeping control of the money we spend and watching out everything we do in fear of spending too much on the wrong thing is a constant fear for everyone.

It’s not something you’re taught either, but more like you’re supposed to pick up on it as you grow up and see how other people manage their money.

But don’t worry, what are we here for if not to help out? We’ve already given a lot of advice on other subjects and experiences that can get you down in life, so this time let’s take a gander at one of the toughest and most necessary life skills, budgeting.

Set a Goal

Goal setting is arguably the most important part of managing money. To be specific, this goal doesn’t refer to the amount of money you want to save (you should save as much as you can after all) but rather the sum of money to keep in your account for your budget to make sense.

Knowing how much money you can use in a month will make keeping track of your expenses easier and also help you judge what you should and shouldn’t get and when. Want that awesome new cell phone model? Well, check to see that it doesn’t go over your spending goal, if it does then you should probably wait till next month and check again.

A simple way to keep track of this is by opening different bank accounts. Having multiple accounts allows you to divvy up the money you have accordingly. You can have an account for spending alongside one meant for just saving money and transfer money back and forth accordingly.

Keep Track of Your Spending

Of course, knowing what you should spend and where to save it is nothing if you’re not good at keeping track of it. You should regularly check and track down every move you make when it comes to your money. Tracking it doesn’t have to be complicated either, it can be something as simple as keeping a list or tabs of any money coming in (or out) and when it does.

You can also use tools for this; many apps help you keep track of your budget, and what you spend, many of them built by banks themselves. If that doesn’t work, keep a calculator in hand and count it regularly.

Re-Asses Your Budget

Life, for better or worse, is unpredictable, this means that sometimes it throws us a few curveballs that make us have to reconsider the way we spend, it doesn’t have to be a bad thing either.

For example, let’s say you got a promotion and a pay raise at your job, you can afford to spend more money now if you want to, but this means that you have to rebuild the way in which you use your budget so that you don’t end up squandering your gains.

The same thing happens if your salary decreases since you now have to watch out even more for what spend you will have to rework not just your budget but your allowance as well. It adds stress to the whole situation, that’s for sure, but being able to do it quickly and without trouble will prove fruitful.

Ask for Help

Let’s be honest, all of this is a lot harder than it sounds (and in a way it can look pretty hard), we’re all human and have moments where we do things that we know we shouldn’t, or we let ourselves get carried away. Budgeting is much the same way, and there will obviously be moments where you break out of the rules that were set up.

So don’t beat yourself over it. Yeah, that’s right, you spent more than you should’ve, but crying about it won’t help. Instead, accept the fact that sometimes you’ll go over budget and try to make changes that will help you improve or stop it from happening again.

And what better way to help yourself than asking for help from others? Don’t be embarrassed to go to a good friend or a family member that can help you keep track of your budget and what you do with it, just make sure it’s someone that you can trust with such a thing.

Reward Yourself

What another great part of accepting you will sometimes go over budget is that it also allows you to make the process easier on yourself. You don’t necessarily have to limit your expenses down to only what’s necessary. If you feel that you’ve got enough money to spend or have been doing an excellent job in saving and managing things, then you are allowed to give yourself a reward and buy yourself something nice.


We hope that this list helps in clearing up the troublesome process that is a budget. It doesn’t have to be troublesome though, as you can see here there are many ways to make budgeting a less stressful and even fun experience. You don’t even have to follow these to the letter, developing your method of keeping track of your money is also a great way to get used to it better.



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