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How Do I Stick to a Budget?

Creating a budget is one thing, but sticking to this budget is another story altogether. Anyone who has tried coming up with a budget knows just how good everything can look on paper. When it comes to the implementation, however, they neatness and orderliness of the budget can very easily go to the dogs. As they say, the road to hell is paved with good intentions - you may very well start out with the best of intentions, but the tediousness of it all may also very well seem like hell after a month of two.

Other people have done it though - created a budget and stuck to it; and guess what? These people enjoy healthy financial lives. It may be difficult at times, but it is possible to stick to a budget. Take a look at some of these tips that can help you stick to your budget.

Don’t be afraid to round off. A budget is a budget, but you do not have to count every cent or penny. Make it a little easy on yourself and don’t fret if you can’t account for that last penny.

Think long term. Why did you create a budget in the first place? Perhaps you want to save enough to buy a house or go on a world tour. Whatever it is that motivates you to stick to the budget, always keep that in mind.

Don’t skip a day. Part of sticking to the plan is keeping track of all your expenses. This is what makes it hard for a lot of people. Here’s the trick - don’t let a single day go by without doing your accounting. One day may seem petty, but those days do tend to fly by; and before you know it, you will have lost a week. By then, you won’t want to go back to following your budget.

Keep at it. Just be persistent. A habit takes time to form - the same thing applies to budgeting!

Featured in Finance