"I'm Sticking to a Strict Budget During the Pandemic But It's Making Me Miserable"
When you give your online saving account a fun nickname, it will remind you why you are budgeting and saving.
Instead of an account no, change the name to something like "Quit this boring job" or "Italy trip post-pandemic."
SIMILAR ARTICLES & IDEAS:
No matter how little or how much money you earn, creating a monthly budget is one of the most important aspects of managing your finances. What gets measured gets managed.
The Envelope system is a way to track your variable expenses like food, entertainment, and drinks.
This method, preferably used weekly, allocates a certain amount in each category in labeled envelopes (food, drinks, movies, etc.). Once the envelope is empty, you are done spending in that category.
The principles that make a good budget, something you can stick to:
While early holiday shopping can snag you discounts and the best selection, you are most likely to get the best deal just before holiday shopping.
Retailers need to move h...
Coupons are sold in lots to allow couponers to stock up on the best deals.
While coupons are great to save money, it does not make sense to spend on coupons in order to save. Coupons vary greatly by geographic location and store, and may not apply to your geographic area. Instead of buying coupons, get the Sunday paper for better ads, download an app or keep a coupon binder to stash extras.
It makes sense to stock up on non-perishable items such as soap and canned goods.
However, buying wholesale perishable items like fruit and milk might mean it goes to waste if you can't consume it before the expiration date.
Using this method forces you to “spend” every dollar that you make, by allocating all of your earnings into the different categories that your finances require.
It prevents waste and maximizes your income, with the ultimate goal of reaching zero at the end of each month.