YOU NEED A BUDGET HELP FREE

If you’ve ever shopped on an empty stomach, you know that a lot of non-necessities sneak into your cart. Pick fun recipes that share ingredients, that way your shopping list will line up with your budget. By planning what you need for the week, you won’t overbuy items that will go bad in your fridge (and then tossing them into the garbage - a waste of food and money).īONUS: you will probably eat healthier, too, by not buying unhealthy items that don’t fit within your meal plan. Planning your meals and sticking to a grocery list are some of the easiest ways to keep your money in your pocket.

YOU NEED A BUDGET HELP FREE

How much are you paying in monthly fees and how much are you paying on top of that in transactions? Consider switching to a free account like our Simply Free Account® and you could save up to $200.00 per year (based on average monthly fees on products with comparable features at major Canadian banks as at June 9, 2022). Speaking of getting rid of fees, take a look at your banking. All those 'only $10 a month' fees add up quickly. Stop paying for feesĭo you need a subscription to both Apple Music and Spotify? What about Netflix, Amazon Prime, Hulu, CraveTV and cable too? Probably not. Make it more fun by challenging your best friends or family members and see who can save the most. Get started with your no spend challenge by identifying in writing what qualifies as a necessity and how long you’re going for. You can do a no spend challenge for a week, a month or even a whole year! It might seem intense but it’s a remarkably effective way to shock your system, cull your spending habits and change your mindset around money. Whatever you call it, the idea is the same: a commitment to not spend money on anything that’s not a necessity. This is sometimes referred to as a spending freeze, a spending fast or a zero spend challenge. On the contrary, it is a great method to start a savings program by working your savings into your budget and to keep that budget flexible so it can change with the curve balls life throws at you. Neither does it mean that you’re stuck with your categories for the month. You don’t give yourself a buffer or extra padding. This is a radical way to take complete control over your finances.īudgeting to zero doesn’t mean you spend every dollar you earn. When you budget to zero, you give every dollar you earn a job, even if that job is savings or an extra loan payment. Budget to zeroīudgeting to zero means that when you create your budget, your income minus your expenses add up to zero. That way, you can cover your purchases with minimal or no interest while building your credit in a healthy way. Reduce the temptation! Keep to a lower credit limit and pay it off more frequently so you never get trapped.Ī good rule of thumb is to stick to a limit that you can pay off at one time (eg. Stick to a lower credit card limitĬredit cards with high limits are easy to rack up and hard to pay down. Noodles for 4 months after a vacation is probably not your idea of “living your best life.” 3. Save regularly so it doesn’t throw off your budget.Įating Mr. If you want to go on vacation, plan for it. If you can’t afford something you want, put it off for the next week. You end up spending more on interest than you needed to if you had held off or saved up. Getting into debt can be a vicious cycle that is tough to get out of. If after the week you’ve forgotten about it, that’s a pretty good indicator that you didn’t actually need it. Weigh the benefits here to make sure it’s adding value to your life and not stress on your budget. a car loan) that will mess with your budget? Will this throw off your savings? How will this benefit your day-to-day life? Is the benefit worth the cost? Does this purchase come with a payment plan (e.g. If it’s not something you need, take a week to think on it.

Here are 11 ways to help you stick to your budget so you can jump start your savings, reach your goals and thrive. We want to give you tools, resources and strategies that’ll set you up for success.

It just has a steep learning curve for some. It’s an incredibly valuable tool that anybody can master. The truth is a budget helps you reach your goals.

You might, and it might be, but for most people that’s not the case. Or you think you can keep your budget in your head and that’s good enough. You have a bad month, get discouraged and give up.

You need a budget help