This week's topic is "Budgeting". We're coming into the spending season of the year and what better time to get on top of our spending then now. 1: Know exactly what your weekly expenses are. 2: Don't carry a credit card. 3: Carry cash.
🔷Once you know exactly what your weekly expenses are, establish how much of it is actually essential spending. Now you can allocate set amounts for saving and weekly spending. Set up scheduled transfers for your allocated savings so you're not tempted to spend it.
🔷Rather than carrying a credit card that is so tempting to use, have a key card linked to an account with emergency money (just in case). Credit card spending is a massive trap! Keep your card in a safe place at home for those essential online purchase, like flights!
🔷Since you now know how much allocated spending you have for the week, carry it in cash. It the best way to keep track of spending and you're less likely to part with cold hard cash.
Let me know in the comments below👇 which tips you'll be implementing this week and let me know how you're going implementing them. For more tips and articles head over to www.facebook.com/lifecoachsam3