8 Tips to Stick to Your Budget Always
5. Limit your Credit Card Spending
The credit card is the biggest temptation to splurge on whatever catches your fancy. Try to limit this. It’s a good thing to have a credit card, provided you use it when absolutely necessary. Otherwise, though it seems easy to buy against a credit card, you end up paying much more than the original price if you consider the interest you pay. It’s definitely more prudent to wait to make purchases until you have ready cash to do so!
6. Cut Down on Expenses
If you’re facing a hard time to make essential purchases, then you have to learn to give up your dream holiday, till the time your income steadies.
7. Spend Less than you Earn
If you can do this, you will end up saving some money to your benefit.
8. Needing and Wanting
You have to distinguish whether you’re spending on what you really need or what you desire. Your budget will remind you of this difference.
