You don’t have to be your financial slave or any debt you might experience. If you struggle with your bill, you need to understand that you can learn to get back control of your finances that will make it easier for you to stretch your Paycheck and it will help ease some pressures caused by feelings like you are out of control. The best thing you can do to get back your control is to be more organized and make yourself sit and set the budget.
The first thing you need to do is make a budget sheet. There is nothing worse than not knowing exactly where all your money goes. If you don’t know anywhere, how can you take control? You won’t. So open the Excel sheet and start putting your bill and make sure to set it according to the time maturity. Also remember you can pay some of your bills for up to two weeks late before you collect any delay costs, such as for credit cards, never do this, always pay them or before the due date. After you have all your bills on your budget sheet, then find out which salary will pay the bill where and for the month.
After you are done, if you have the remaining money then you need to enter this in your budget sheet. You have to take a certain amount of this money left and allocate it for your gas, your food ingredients and for other personal items you need for a month.
If you have the remaining money for extra expenses, this is the money you have to take from your salary as cash. By having cash on you and tell yourself so left, it’s gone it will help you stop over overcoming your budget. You only need to wait for your next salary for cash. It also reduces errors in your checkbook.
Take all your loose changes and place it in piggy banks or jars. If you provide an opportunity, you will find that loose changes can accumulate very quickly and this money can be used for emergencies or for other unexpected costs.
When paying on your credit card, remember to always pay more than what they say is minimum payment. This way you will pay interest too and they will bet less interesting for you in the long run. Even if it’s only $ 5 from the minimum it will be very helpful.
Make sure you make a grocery list every time you go to the store, you will spend less. If you go without a list it makes it too easy to spend more and then you will discuss your budget. So always take the list and stick with it.
You also have to try and plan your food for a full week and then write down all the ingredients you need to make this food. Add everything and if there is an additional money left from your foodstuff budget then you can allow yourself to pamper yourself with something special about the grocery store.
After you get back control over your finances, you might want to consider setting a savings account. This way you can take one or some of your extra money and put it in your savings account directly from your salary. Doing it this way will make it less tempting for you to avoid putting it into the account and spending it instead. This is a great way for you to wear money for a vacation that you might take in the near future.