Discover how to stick with your budget and learn exactly what you need to succeed. Find out the key ingredients successful people use to stay disciplined. This is budget discipline that actually works.
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Budget Discipline That Actually Works
â OK, so I made a budget but how do I stick with it? Whatâs the budget discipline that actually works? Donât worry Iâm going to show you how to stick with your budget and give you exactly what you need to succeed. Iâve done the research on budgeting and discovered the key ingredients successful people use to stay disciplined. The best part is that this stuff actually works.
â Pro tip number one. Create your monthly budget before you get paid. In other words donât react to your paycheck arriving to start creating your budget. Instead know how much money is coming into your bank account and when itâs going to hit, so that you already have a plan in place.
â Pro tip number two. Set up regular check-ins. Open up your Google calendar and set up meetings to ensure youâre on track. These meetings can be mid-month, weekly, or whatever works for you. And be sure to include anyone else in your household that impacts the budget.
â Pro tip number three. Automate as much as possible. Itâs never been easier to move money around on autopilot with the features offered at most online brokerages and banks. Utilize the automatic withdrawal feature to move money from one account to another. Then use the automatic investment feature to invest your money on autopilot. Set it up once and run it forever.
â Pro tip number four. Set up credit card alerts. A great way to stay on track is to set up automatic alerts that either text or email you when youâve spent a certain dollar amount. This takes the onus off of you to check your recent transactions and instead puts it on the credit card provider to notify you when youâve spend 500 bucks, a thousand bucks, or whatever threshold you decide.
â Now if youâre one of those people out there that have already tried these tactics and youâre still having trouble sticking to a budget, stick with me for the next 30 seconds as I show you some next level strategy.
â First of all, set the standard. This works for anything in your life, not just budgeting. If you set a high standard for something you will become that or achieve that goal. If you tell yourself I have a budget, I stick with my budget and I am a person who has budget discipline then it will be real.
â And after you set high standards you need to understand why youâre budgeting in the first place. If itâs a vague and unimportant reason like I want a million dollars youâre going to have to dig deeper than that. Maybe you want to take your family on a Disney vacation while your kids are still young; maybe you want to surprise your fiancĂ© with a new car with a big red bow on it like in the commercials, or maybe you just want to eat at the really nice restaurant once a month to connect with the people you love and have quality time.
â Whatever the reason is; know your why. It will help you tremendously with budget discipline that actually works.
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