Fall Into a Successful Budget

You’ve probably heard this word over and over again when it comes to being successful in your finances. What’s the word? Budget. And while we hear the word, BUDGET, and we know we are supposed to create one to keep our finances on track, how many of us are actually living out our budget on a daily basis?

Stick to Your Budget

So between back-to-school shopping, school fees and fall sports registration, your budget has fallen off track. Fortunately, there are ways to get you back on the right financial path.

For starters, use cash when you can. While you don’t need to carry a huge amount of cash with you at all times, you can give yourself a cash budget each week. Then, when that cash is gone for the week, you aren’t allowed to spend until the next “allowance” day. This will help keep you from overspending.

Also, look at where you can cut things out. Are you back to eating out three to four days a week? Are you paying for a gym membership but haven’t been to the gym in six months? If you’re paying for something and not using it or spending money where you could be saving, now’s the time to make adjustments so that you can start seeing more money in your savings account.

Remember, a budget is all about how you look at it. If, when you look at your budget, you begin thinking negatively, then you will be miserable. However, if you view your budget as a positive in your life, then it will bring financial positivity! See this not as your enemy but as the best financial friend you’ve ever had.

Do you have more personal financing questions? Visit our website at cbctfcu.com, or call one of our customer representatives today who can assist you in your financial needs!