Make a Working Budget
Your next mission is to identify clear priorities and commit to a plan.
Establishing a successful budget requires you to make a long-term strategy for managing money. It’s not simply setting some limits and hoping one day you’ll have enough for the car of your dreams. It’s not a loose guideline based on how you think you probably spend your money.
Use a notebook, spreadsheet, financial software on your computer or even a mobile application. Find a form of accountability that works best for you. Whichever method you choose, make sure to include fixed expenses (regular bills that are the same amount every time) and variable expenses (those that fluctuate as needs change).
Compare these totals with your monthly income. Determine how drastically your spending habits need to change. Make a practical budget based on the habits you already have, how you actually spend your money, while incorporating small changes for meeting goals.