Maria Suzanne Plana | Negosentro.com
Most millennials are struggling to save their income because of their ‘keeping up with the trend’ lifestyle. One way to save money is to make a budget. But it is often overlooked by many because, let’s face it, it’s a commitment.
Here are some tips on how to stick to your budget, especially if you are a millennial:
Make it accessible
Write down your budget and make various copies of it. It is good to place these where it is easy to be seen. A good example is to set it as your phone’s wallpaper or make a memo of it on your home screen. Also don’t forget to keep one on your, this will help you remind yourself that you are on a budget and will keep you from overspending.
If you are really dedicated to keeping your budget, leave your cards at home and just bring enough cash for the day. However, don’t forget to also bring spare money for unexpected emergencies. By leaving your cards at home, you will be less likely to spend on binge purchases such as a cute top you randomly saw at a pop-up store.
Stay away from social activities
This may sound like a bummer, but it does not mean to stop socializing. This tip only asks you to avoid unnecessary social activities like your usual Friday night out at trendy bars, or your weekly shopping spree with your best friend. Staying away from such activities helps you stick to your budget because you often times feel obliged to spend when you are with other people.
Of course, the most important way to stick to your budget is to stay motivated and have a strong sense of self-control. All three tips are useless if you keep on making excuses to buy things you don’t really need. So keep yourself grounded and stick to your budget through your own willpower.