6 Strategies to Help Anyone Struggling to Stick to a Budget

If you struggle with sticking to a budget, here are six tools and strategies to help you stay on track.

1. Use Budgeting Apps

There are many budgeting apps available that can help you track your expenses, create a budget, and stay on track. Some popular budgeting apps include Mint, YNAB, Personal Capital, and PocketGuard. (Select the best budgeting app for your needs.)

2. Use the Cash Envelope System

The cash envelope system involves setting aside cash for different budget categories, such as groceries, entertainment, and transportation. Once the cash is gone for the month, you can’t spend any more money in that category until the next month.

3. Automatic transfers

Set up automatic transfers from your checking account to your savings account, so you’re saving money without having to think about it. This can help you stay on track with your savings goals.

4. Accountability partner

Find an accountability partner who can help you stay motivated and on track with your budgeting goals. This can be a friend, family member, or financial advisor.

5. Reward yourself

Set up a reward system for yourself when you stick to your budget. This could be something as simple as treating yourself to a movie or dinner out, or something more significant like a weekend getaway.

6. Track your progress

Keep track of your progress toward your financial goals. This could be through a spreadsheet, a bullet journal, or a simple notebook. Seeing your progress can help you stay motivated and focused on your goals.

Remember, sticking to a budget requires discipline and consistency, but that doesn’t mean we don’t slip up. Don’t get discouraged if you deviate from the spending plan. Instead, remind yourself that treats are part of the process, but the ultimate reward is achieving your goal. Then get back on track to keep working towards these financial goals.