Tips for Staying On Budget
Sometimes the urge to spend is quite overwhelming
The economic crisis drags on and on and affects most of us every day. In response we tighten our belts and keep a firm grip on our wallets, but temptation lurks at every corner and in every store front, always trying to lure us into spending beyond our means. However, there are simple things you can do when the cravings get to be too much.
Look at the big picture
Thinking long term can help. Instead of seeing savings and frugality as a chore, think big picture. You and your family will be happier if you aren’t overextending to pay off last month’s splurge.
Have a plan
Realistic frugality begins with a realistic plan. If a budget is too restrictive, it adds stress to your life. That constant pressure may lead to abandoning the budget altogether. Make your plan realistic, but not a “starvation diet.”
Fun
While a budget must begin with all the regular monthly obligations and essentials such as mortgage, groceries, car insurance and utilities, it should also include an item for fun. If you enjoy sports, make sure to include some tickets for a game or club dues. If concerts or theater are your thing, figure in a ticket every couple of months. Alternatively, keep a “fun fund,” which is reserved only for a specific goal. Instead of giving in to every impulse, focus on the really satisfying ones and put a little away toward it out of every paycheck. Maybe there is a trip you want to take, or one luxury item that you truly want. With a little patience and persistence, it can be yours.
Cutting corners
For the day-to-day items, there are many things you can do to cut corners. Here are just a few suggestions to get the ball rolling: Most beauty schools and community colleges offer cut-rate haircuts and beauty services, as students need opportunities to practice their craft. While that may sound risky, rest assured most places only let advanced students touch the paying customers.
Thrift stores
Second-hand and thrift stores are a wonderful resource for items we use every day. Flea markets, garage sales and Craigslist are good, too. Somebody once said one man’s trash is another man’s treasure. Go explore. You never know what you might find for a song.
Fuel
Fuel expenses are one of the worst drains on our resources these days. Try public transportation, carpooling and consolidating trips. Remember, the less you are behind the wheel, the less you are spending.
Wait
The best thing you can do to stay frugal and on budget is to tell yourself to wait. We see something on television, online or in a store and think we just have to have it. Tell yourself, “Wait.” How many times have we given in to that urge, only to see the item gather dust or wind up in the next garage sale? Chances are it is a whim brought on by budget fatigue, and the burning desire will go away. If the feeling persists, then maybe it is something worth saving for in your “fun fund.”
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