Are you a chronic over spender? Often splurge on impulse buys? Can’t workout where all your money’s gone by the end of the month? Even if you start off the month with the best intentions, your colour coded 4 page budget isn’t much use unless you manage it well.
Sometimes people can feel restricted by the words BUDGET (like it takes the fun out of life) – but on the contrary having a budget can actually bring you financial freedom!
Here are our top 10 tips for managing your budget like a boss.
1. Set a goal. You don’t get on a plane without knowing where you’re going (unless you’re being surprised by a super nice getaway). Likewise, there’s no point setting up your budget without a goal in mind, otherwise it’s just a pile of numbers on a page! Make sure you’ve got a clear financial plan ahead. Check out our video on goal setting!
2. Automate. Ever have that stomach dropping feeling of...