Has your spending been out of control? Do you want to get things back on track?
I must admit that my spending falls off-track once in a while. Despite writing about saving money for the last 5 years, I still make plenty of mistakes. It’s easy to get distracted in life. It’s also easy to lose track of the basics and the fundamentals that got you to where you are. This is why you always hear people talking about going back to the basics. This is what we will do here. It’s time to go back to the basics and save some money.
Before we can save any money, we have to fix our spending so that we watch where are hard-earned money goes. As I’m sure your parents told you growing up, it doesn’t matter how much money you make, it’s how much you save that counts.
Let’s get started!
How can you fix your spending in 7 days?
This is the most common advice for a reason. It works. If you don’t know where your money or what the problem is, you’ll never be able to fix it. This same logic applies to your eating and other habits in your life.
The good news is that you don’t have to be one of those folks that tracks spending 24/7. I personally could not imagine doing that. However, I want you to track your spending for the next week so that you see where your money goes on an average week. The trick is ensure that it’s a typical week and not an anomaly where you’re away on a trip or have to spend huge money on bills. Just your average week.
How can you track spending?
The whole point of tracking is to see where you’re making mistakes.
What are your problems area?
My problem area for the longest time has been food. Every single time I track my spending I noticed that my spending on food is out of control. I now track only how much I spend on food because I don’t really spend much on anything else.
The trick is to find your problem areas.
It just won’t work if you try to cut back on everything all at once.
Attack your problem areas. Attack one at a time ruthlessly until you have it figured out. Be aggressive Try to cut back. Try to find alternatives. Work on it slowly.
I’ve come to accept that I’ll never be perfect with my eating. The goal isn’t to be perfect. The goal is to be better. A little better every day will go a long way. You can slowly attack one problem area at a time.
The goal is to find out what your problem areas are and to decide which one you’ll go after first.
That’s how you can fix your spending in a week.
Where are you spending all of your money?
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