When it comes to your finances, it’s important to set not just goals, but limits as well. Create your own rule of thumb to live by and it won’t take long to see the changes unfold. Start small and simple. Use something like “I won’t spend more than two dollars on a cup of coffee” and then work your way up to bigger things.
All of your life, you have turned your methods of spending into habits. Now, it’s time to break some of those habits and create new ones. Use some of the suggestions below to get you started.
- No dining out on even days of the month.
- What is spent on entertainment is matched in savings.
- Spend no more than $20 on gifts.
It’s really as easy as that. Once you have followed your rules of thumb for a while, they will become habits. Then, you can start adding more rules that make it easy to save money instead of spending it on unnecessary purchases.