Coupon Tip: Budget Maintenance
I should mention, a necessary part of this tip is to have a budget! Budgets can be very important in planning what you will spend and knowing what you spend each month. There are many ways to set-up and track a budget. I prefer a good, old-fashioned excel spreadsheet but there are programs you can buy or use online that are much more in-depth. Once you find what works for you, you can plan and track more easily!
In the past, I wanted our budget to be the same each month but that is just not reality. Some months we may travel or have a need that requires more money than another month. We may have a month where we get something for free (like a month free at the gym) that we usually pay but won’t for some reason that month. I have found that the best way to find success with a budget is to pay attention to it and try and make it as accurate as possible.
We go through our monthly budget each month, based on our previous month’s budget. We talk about any change in expenses and then make those changes on our budget. We track our spending and change our planned budget for the month as needed. Something like a field trip or medical cost, that we may not have known about or planned for, can be put in in the middle of the month and then we adjust our savings based on that cost of that item.
Just like coupon maintenance, budget maintenance can help you be more successful at saving money. Stay on top of it and track your spending to have a better idea of your financial needs and where your family’s money goes!