If you budget monthly or weekly then you can find ways to save and cut down expenses. When you can review what you spend on, you’ll be able to see where you over spend. The first step to budgeting is having a financial journal and then you can start to budget by writing down your plan on the journal.
You should take out your journal and begin making weekly goals for your household expenses. You would start out with a list of items that you can cut out from your shopping list because some items are not a priority at all. For example, you can cut out fresh roses that you have been buying, cable, lawn services, maid, new furniture and so on. There are things that you don’t really need to buy so you can make a list to cut out those items. When you do you’ll save at least a couple of hundreds per month and then a couple of thousands per year. If it’s possible you can make a list to cut out these items and will not buy them until you really need it later on. There’re some people that will buy new furniture when their current furniture are in great condition. This kind of shopping will need to be changed if you want to save.
After you made a short list of things to cut out each month, you can move on to making a list of items that you will purchase each month and then stick to that list. If you have a list in a journal you will most likely stay on track and not overspend or spend at the spur of the moment. If you don’t have a list you’ll most likely buy what you see and not be able to assess your spending habit or save at all. You would make a budget list of items that you can spend each month with your available income. You would start out with your total monthly income. You would then subtract it from all of your basic bills like gas, water and mortgage and the amount that is left will be dedicated to saving and shopping. It’s a good idea to save about five to ten percent of your paycheck each month. You would then use the rest of the money for shopping and the remainder of the money will be save in your account. If you continue with the budgeting each month, you’ll be able to save and to spend more concisely to your need. You’ll not fall off of track and you’ll see an improvement in your spending habit.