Getting your budget off to a good start is easy with these 4 helpful tips:
- Be realistic: It is common to over or under estimate spend, but this won’t help you in the long run.
- Write it down: The best way to get an accurate projection of future spend is to review all of your bills and historical expenses and write it down into a budgeting worksheet.
- Stay focused: In the beginning it is important to carefully monitor your spending on a weekly basis. Take note of everything you spend and keep your budget close by so you can refer to it on a regular basis.
Celebrate small wins: A goal of saving $20,000 is great, but there are many steps to achieving this along the way. Take time to celebrate at regular milestones – this will help you stay motivated.