Tips on how to stick to a monthly budget

[Augusta]

Having a budget is the simplest thing to do but sticking to it is always very difficult. So how can you stick to this.

Start by sleepung on the big purchases.

Plan on not spending more than you have then stick to a lower credit card limit. ...

Pay only budgetee fees.and bills

 

[Stardom22]

l think this can be achieved by allocation of the same amount of money on the budget and make sure you purchase everything as planned on the budget. Trying to exercise the discipline on your financial plan.

 

[freelancermaria]

I usually delay major purchases. I only buy what I need and I do not use my credit card to avoid overspending.

 

[magnus2022]

With the high level of inflation hitting over 30% only in January, it is very difficult to stick to a budget. Now, is the time to survive in Nigeria not to save or make long time plan. Am only trying to stay a life and help my numerous friends to stay alive now.

 

[Starmix]

I sometimes cannot do budgeting. There are three of us people at home and we all have jobs and businesses. Sometimes my sister initiates budgeting which I also approve.

 

[mrki444]

Try not to set to small budget and add some reserve to. If amount is to small you will fast spend money and lose motivation for another try next month. Also try add some reserve in case you break budget.

 

[Fidelia]

To stick to a budget, you would need to stay disciplined and avoid tempting yourself by being in a place that you would be tempted to spend impulsively. If cloths is your weakness, avoid the boutiques.

 

[eLdavis]

Write out your needs and focus on biting the ones that are most important. Set a budget on how much you can and should spend on a monthly basis.

 

[Augusta]

Yes first thing is to set the budget on where you can get it right at all times. You then have to learn how to stick to it.

 

[arunima25]

Financial discipline has to come with all conscious efforts..Else you might keep making a budget but never stick to it. It would be a time taking useless planning that would bring no result. I prioritise the financial obligations and refrain from impulsive buying as much as possible. Though I am able to stick to my budget on most months, I have months where the unexpected expenses pop up and eat away all my savings in the emergency fund.

 

[Augusta]

It is good to work with our budget but it is good to pray you don't have emergency. You would be drained of your funds almost immediately

 

[arunima25]

Emergency can come anytime as life is unpredictable. I have an emergency fund and a budget for it every month. It goes in the savings for the month if there is no emergency expenses. When there is one, we have some money aside collected from the previous months.

 

[Stardom22]

As far as l am concerned, l have realized that most people have the best budgets, but they lack the tactics to sticking to it for sure.

 

[Augusta]

You are right people have the best budgets, but they lack the urge and motivation to sticking to it. Sticking to it is the problem

 

[Hate2Wait]

It's easier said than done so it's our responsibility to create a realistic budget and stick with it because an unrealistic budget won't help us in any way

 

[itsmejob]

Good tips as I am new credit card user, I will make sure to use it properly and spend just within the limit. I need to discipline myself not to listen to my impulse and just get the things I want but stick with what I need.

 

[Hate2Wait]

Wow looks like we both got the credit card quite late and doing ourselves a favor to use it properly so that we won't get ourselves under unnecessary debt

 

[King Belieal]

After all of these tips, it is discipline that would keep you from spending excessively to stick to your budget.

 

[Augusta]

Yes without sticking to plan it is a huge loss. We just have to learn how to be disciplined

 

[Sanjeev]

It is easy to make budget but to adhere on it is difficult. I always prefer to cut down the unwanted or unnecessary expenditures and focus on the necessary things and if I have some savings from the budget, I prioritise the unnecessary things and purchase them as per the budget