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Sticking to a budget by Rubina Ratnakar

Life Skills Wed, 17 Feb 2021 04:25:47 +0000

Money is an important element of everyone’s life. To lead a happy life we need to spend it wisely. For that purpose, we form budgets and to keep a check on the expenses incurred by various activities as well. Most of us may find it difficult to form a budget and stick to it. In this blog, Rubina Ratnakar suggests you some tips that will help you in sticking to a budget.

When you are forming a budget you decide on the savings and the expenditure. Once you have decided on these two you move on to making all the important purchases you need to make. Our suggestion is to make this division of savings and expenditure wisely. Keep your budget real and it should be easy to follow. Don’t make a budget that is too harsh on you and which you will ultimately swipe away from your life.

Think before making the big purchases. Whenever you buy something that is costly you should think about it again. Do you really need that product? Is the price right for the product? Will the product ruin your budget or will it easily fit in? Once you start thinking in this way you will be able to stick to your budget easily.

Try challenging yourself with a zero spending challenge. In this, you try to minimize your expenditure to zero which will help you in cutting off all the unnecessary expenses.  It is obvious that it is not possible to spend zero money but it will cut down your expenses in large amounts.

You should plan before buying the grocery for the upcoming weeks. If you plan what you are going to eat in the week you can save yourself from spending extra on food.

One thing every person should avoid in life is getting into debt. There are times when we need money to buy something but we don’t have it. At such times we should refrain from making that expense rather than asking someone for financial help. This will help you in keeping your budget in place.

Check out the latest blogs by Rubina Ratnakar on ‘Learning a new language‘ and ‘Uses of Apple Cider Vinegar‘.

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