One thing we do when money is tight, say before pay day, is just go on a money diet and spend as little as humanly possible. It's a good habit to get into now and then, as it helps you curb the habit of spending just to amuse yourself!
By pam munro
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hurray for you it took along time for me to figure this out but once i did i put it to good use just like you!
One thing that my wife and I have done for the exact same reasons is create a system of checks and balances. Any time we want to spend more than $50 we have to check with the other person to see if that is okay with them or if it is in the budget. You can set your limit to your needs and income level but $50 works for us.
We also have a monthly budget meeting. (At worst it is a quarterly meeting.) We sit down with all of our expenses and all of our income and we just evaluate where we stand. We took all of our debt- student loans, car loans, hospital bills, and more and put them in a list. On that list we put beside each item the total pay off amount, the interest rate, and the monthly payment. We prioritized them and paid everything as normal and put anything extra into the first bill.
MoxieGreg you're right! A household budget is the way to go. It's amazing how it frees up your life and makes relationships better. And actually, it's not a money diet that is the key, it's controlling one's spending habits.
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