For example, if you find that you've exhausted more than half of your grocery budget and the month is only half over, then you need to make some adjustments. After all, isn't that the very reason why you created a budget? To ensure that you're staying on track, consider taking the time at the end of each week to add up your purchases or totals in each category. You're not accurately tracking all your spendingĬreating a written budget means nothing if you ignore the predetermined limits that you've set for yourself. However, if you set unrealistic goals (let's say spending only $400 a month on food), you're just setting yourself up to fail. For example, if your bank statements indicate that you typically spend $600 a month on groceries for a family of four, then cutting back to $550 a month can be a realistic goal (saving you $50 a month). If you want your budget to work, you need to be realistic about your spending. If your budget doesn't seem to be working out the way you anticipated, here are some of the possible reasons why: You've created an unrealistic plan Then keep a journal to track how much you spend in each of those categories.
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