Wednesday, February 10, 2010

How to Stick to a Budget

Some tips for sticking to a budget from money guru Dave Ramsey! I have done all of these, and I know they work!

1.Make sure you write it down. Give every dollar a name on paper. Spend your income on paper before you actually spend it.

2.Stay away from places that tempt you to spend. If you are overspending, you need to buckle down and get serious. It’s a sign of maturity when you delay pleasure today so that you can ensure a better tomorrow.

3.Use Dave’s envelope system to help you spend cash in line with your budget. Take some envelopes, write the budget categories on the envelopes, and use only the allotted money to purchase specific things. When an envelope is empty, don’t buy anything else in that budget category.

4.Stay motivated! Don’t give up! A budget gives you hope that your money situation can and will get better. Dwelling on the failures of the past, or fearing that you will never get to the end, will steal your hope. To avoid this, break your plan down into smaller goals. You can change your financial picture. You can change your life.

1 comment:

  1. I sure wish I could be in Utah for Spring Break, so I could see you and have you autograph my copy of your book. Also, I looked up Appleton, WI it's over 300 miles away, and aproximately 5 hours and 45 minute drive from Mankato. Why are you asking?