Plenty of people will tell you that if you want to take control of your money you should set a budget and stick to it. While that works for some people, the fact is that not everyone can stick to a budget and often, they will get discouraged to the point where they end up spending even more money.
For those who have a hard time budgeting, but still want to take better control of their money, finance expert Suze Orman suggests cutting back a little bit at a time so you won’t feel deprived by what you’re missing. She compares the process to dieting, noting that strict diets usually fail, but if you focus on cutting calories here and there, you’ll soon start to see results and feel better about making bigger steps.
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