⌄ Scroll down to continue ⌄

6 Reasons Why You Can’t Stick To The Budget

⌄ Scroll down to continue ⌄
6 Reasons Why You Can’t Stick To The Budget

Budgeting can make or break your finances, and it can make or break your life goals. Unfortunately, it’s way easier to break a budget than to get it right.  Here are six reasons you can’t stick to a budget—and how to get it right.

1. You’re unrealistic.

We all want to be able to have unlimited amounts of money; however, unless you’ve recently sold a hot internet company, you probably have to live in the real world with me.  So, if you want to stick to your budget, make sure it’s realistic.  Look at your bank account and get a realistic picture of where your money is going. Once you have that, then start slow, and shave off a $20 a month from your “trouble spots” (i.e. eating out, shopping, entertainment) until you’re spending what you can afford.

⌄ Scroll down to continue reading article ⌄

⌄ Scroll down to continue reading article ⌄

2. You think budgeting is too complicated.

Don’t be scared.  Budgets are fun!  Budgets allow you to stop feeling guilty after you spend money. Even if you spend money on a splurge item, you’ve planned for it.  That’s where your money is supposed to go.  Start by breaking down your monthly expenses into spending categories. Some people like to have a lot of spending categories. I don’t.  It makes the process too complicated. I simplify our budget by only having a few categories: house, utilities, giving, food, cars, and shopping.  Those categories cover our entire monthly budget, and it only takes a few minutes to do. So start simply, and you can always add more categories as you get better at sticking to your budget.

3. You’re spending too much.

Don’t be like Uncle Sam!  Make sure you don’t have a budget deficit by comparing what you make to what you’re spending.  If you’re spending more than you make, start by realizing that is unsustainable.  You want to give yourself a bright future, so making sure you’re at least not overspending is the first step. After you get your budget under control, then you can start saving.  But worry about cutting down on spending first!

⌄ Scroll down to continue reading article ⌄

⌄ Scroll down to continue reading article ⌄

4. You aren’t giving it enough time.

It took my husband and me months to get a working budget.  Actually, about 6 months.  So, don’t give up if your budget doesn’t work the first month.  Odds are, it probably won’t.  If you are training for a marathon, you don’t expect to run 26.2 miles the first day.  It’s the same with budgets.  It just takes time to get it right.  Just think of your first couple months as training, and soon you’ll be a budget master.

5. You’re not writing it down.

If you don’t write down your budget, it will be almost impossible to stick with.  Writing it down transforms your budget from an idea to a plan. Plus, you’ll want to reference your budget in the future, so writing it down will be a record of how far you’ve come.

⌄ Scroll down to continue reading article ⌄
⌄ Scroll down to continue reading article ⌄

6. You’re not excited about it.

Let’s face it, if you don’t want to do something, you’re probably not going to do it.  So, get excited about budgeting!  Budgets are your opportunity to plan your future.  Want to become debt free?  Want to buy a house? Want to buy that new bag you’ve been drooling over? By creating a budget, you’re one step closer to your goal.  That’s something no one will be able to take away from you.

By sticking to a budget you can transform your life from out of control to fully in control.  Also, you will be able to pursue your dreams.  Use these six tips to make sure you’re sticking to your budget so you will be able to get where you want to be.

⌄ Scroll down to continue reading article ⌄
⌄ Scroll down to continue reading article ⌄

Featured photo credit: Money Whirlpool/Patrick Hoesly via

More by this author

Kelsie Fannon

Kelsie is a journalist and writer who shares about productivity and money tips on Lifehack.

How to Motivate People Around You and Inspire Them
How to Motivate People Around You and Inspire Them
10 Things Truly Awesome Bosses Believe
10 Things Truly Awesome Bosses Believe
10 Ways Rich People Think About Money Differently
10 Ways Rich People Think About Money Differently
How to Pull a Successful All Nighter
How to Pull a Successful All Nighter
Why Ex-Waiters Make the Best Employees
Why Ex-Waiters Make the Best Employees

Trending in Money

1 The Best Ways to Save Money Even Impulsive Spenders Can Get Behind 2 30 Fun Things To Do With Your Friends Without Spending Much 3 Not Sure How to Set Up a Weekly Money Routine? Read This Now! 4 25 Things to Sell to Make Extra Money Easily 5 The Differences Between Factoring and Invoice Discounting

Read Next

Advertising
Advertising

Explore the Full Life Framework

Advertising
Advertising