5 ways you can be on top of your budget

Be realistic

Keep going over budget on certain things? Maybe you didn’t allot enough money in those areas. If this is the case, try and find a happy medium that is more realistic so you can still cut back a little bit.

Be automatic

Are you having trouble saving? We’ve all been there. Do you have direct deposit at work? If so, figure out how much you want to put aside every month, and have that many automatically put into your savings account. This way, you can set it and forget it.

Be thorough

When you’re setting up your budget you may tell yourself, “I’m going to go out to eat twice a week.” Well that sounds great in theory, but what happens when you want to celebrate your friend’s new promotion? Where’s that money coming from? Make sure your budget includes some flexible money that you can use in different areas when needed.

Be patient

Don’t spend your entire monthly budget of any one area at the beginning of the month. Sure, that awesome new Marvel movie is coming out at the first of the month, and you want to see it multiple times, but slow your roll. There’s probably some other things you’re going to want to do before the end of the month, so keep that in mind and spread your money out.

Be nice

You’re an awesome person who should be rewarded for staying on budget each month. Give yourself a little cash to splurge each month, even if it’s no more than an ice cream cone. Ice cream is awesome and so are you.

John Pettit

John Pettit

John Pettit is the Managing Editor for CUInsight.com. Through news, community, press, jobs and events, he keeps credit unions digitally informed throughout the day. Web: www.cuinsight.com Details