#The budget mom how to#

Ask yourself if the problem is that you disregarded the budget in certain categories and spent more than necessary or if the budget projection is not realistic.

If you want to be able to learn how stick to a budget, you have to be realistic. The solution to this problem is, after the first month, to re-evaluate your budget based on your spending. Even so, you will probably find out after the first month that some of your predictions in various areas are not accurate. If you keep copies of utility bills and other expenses, your guess may be more accurate than another personвЂ™s guess. Many people have no idea what they actually spend on food, entertainment and other more flexible budget areas. The first time you make a budget, you will probably have to use your best guess for some things. In order for a budget to be effective, it has to accurately project your spending.

#The budget mom how to#

How To Stick To A Budget Without Going CrazyД«udgeting is not a precise thing, especially at first. If youвЂ™re in the second group, you have more freedom to choose to keep more вЂњoptionalвЂќ budget items since you have not committed all of your available income. There is simply no choice but to live within your income or increase your income. If you do, everything will eventually, break down and it will impact all parts of your life. There is no good way to regularly spend more than you earn. If youвЂ™re in the first group, you donвЂ™t have a lot of wiggle room. The reason why you are creating a budget determines the urgency of sticking to your budget. You might decide that $1000 savings is more than you can handle and cut your plan so that you expect to save only $500 and add the other $500 to your spending budget. If this is the case, you can also choose to cut spending or increase your income, but you also have a third option. Say your income is $5000 a month and your budget is for $4,000, allowing for $1000 savings each month. If this is you, you have some leeway in your budget.

Some people create a budget just to create a plan for how they spend their money, even though they donвЂ™t have a problem with over-spending their income.

Your realistic options are to cut spending to fit within your income or to increase your income to cover your spending. If that is the case, it is very important that you learn how to stick to a budget.

If you spend more money than you make, you may be making a budget to get your spending under control.

One thing I should mention up front is that there are several reasons why you might make a budget and how you handle your budget depends largely on why you have one. My first thought about how to stick to a budget is that if you set up a budget and canвЂ™t stick to it, either your budget, your spending or both are not realistic.

Many people feel that the thought of budgeting is too daunting. Tawra: This is a question that I receive frequently. Our Favorite Christian Resources вЂ“ Bible Translations, Christian Speakers And More!.