3 Tips to help you stick to your budget

You could be trying to save for a house, paying down a debt or even saving for a dream holiday. Learning how to draft a budget for your money can be straightforward. The hardest part is following the plan you have drawn out.

If you have worked out a budget and need help in sticking to it, here are some tips for you:

  1. Set your Goals

Before you even start drafting your budget, you should have a goal that you want to achieve from the budget. Having a good understanding of what matters to you the most, provides the right sense of direction that will help you manage your cash more effectively.

Even if you feel your goal isn’t life changing, it’s worth putting it down in your budget. It doesn’t matter if you’re a student aiming to buy the latest Call of Duty game or an accountant managing the budget for your company. The same rules apply.

  1. Start Small

It can be overwhelming when you decide to live on a budget for the first time, especially if you are trying to handle everything at once. For instance, you may decide to reduce your living cost to the bare minimum just to achieve your goal.

Yes, this could help you reach your goal faster but there is a good chance it could leave you feeling deprived. Set aside a little something for fun each month as this can help you stay in line with your budget.

  1. Keep track of your spending

In order to stick to your budget you need to keep an account of what you’re spending and receiving. If you have a regular income then perhaps you should pay close attention to what you spend.

One way of doing this is by making good use of budgeting tools available online or via smart phone apps. They automate the whole process, allocating each expense to a category like transport, grocery, entertainment etc.

If you are not into such tools or technology you can consider documenting your spending in a typical spreadsheet. If that doesn’t seem feasible as well, then you can always turn to a pen and paper. Whatever you do, the key is to keeping track of your money.


Sticking to your budget can be challenging but with these useful tips you will begin to see the bright side of a budgeting life.