![]() Lots of little purchases can end up eating away a significant chunk of our monthly income because we don’t really see it happening. Small and impulsive purchases like this are usually the reason that our money does not make it through the month. We are NOW 100% credit card debt free! This is the budget workbook we used Beware of small, impulse purchases We just filled it out in order and by the end we were finally in control of our money. Instead of just accepting it, I got help - and it made ALL the difference in the world! We used to be so overwhelmed with how to actually stick to a budget - I thought we were doomed to be yet another family that barely scraped by paycheck-to-paycheck. ![]() That means that if I don’t take those “small” purchases into account, I’ll throw my entire budget off course. If I did not figure this into my food budget, I would have a problem since all of the money we spend is supposed to be accounted for. I may only spend one dollar at each stop, but if I do this several times each week, it can really add up.Īnd if I get coffee at each stop too – I suddenly am adding a significant amount to my weekly spending. There are several times that I’ve bought one or two donuts from the mini-mart when I stopped to get gas. Second, you will be able to see some of your own common mistakes and how little purchases can add up VERY quickly. Here are some categories to sort your earnings and spending into while you are decluttering your budget and spending. You want to have a budget that reflects your actual spending habits. Remember, a budget is not meant to be a constraint. ![]() ![]() If your budget calculations are off, then it will not be easy to stick with. You accomplish two things by monitoring your spending habits.įirst, you will be able to confirm that your budget is accurate. This may seem to be a little bit tedious to do, but the results will really help get you on track financially. In learning how to prepare a budget, it is important that this is done for two to three months. The best way to do this is to keep track of every single purchase you make, regardless of whether you use a check, debit card, credit card, or cash. We need to actually monitor our spending habits to find out the best way to maximize our financial resources. ![]()
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