Hi guys and welcome back, this week I want
to talk more about finances, a lot of you guys requested it, and thats awesome. So here we go! We already talked about how to set a budget,
and I’ll link that video up here so you can check it out if you haven’t already. But this week I want to talk about how to
stick with your budget when you’re getting out of debt, which can be a little bit challenging
and requires a lot of disciplin. So let’s get started. I’ve put together seven tips and it’s all
from my own experience, you might have other, leave them down below, but here we go. Number one, is to check your account every
week. This might seem like a lot of work and it
can take some time and especially can take some time to get used to it, but it is really
really beneficial and it’s one of the most powerful things you can do if you really want
to stick to your budget. Go through the account every week I did it
every Monday, I still do it, now I do it on Fridays. And when Ido this I just find that it’s so
much easier for me to stay on track. If one category is getting out of hand I can
make adjustments and it just gives me time to pull the brake and actually get back on
track. So if you can at all set aside the time to
do this once a week. The good thing about doing it once a week
is also that you don’t have as many transactions to deal with so it takes less time. Number two, is to only buy whats on the list. When you go to the store, don’t do the impulse
buying thing. Make a list before you go, write everything
down that you need, and then get that and not everything else just looks good. Or it might be on sale because if it’s something
food that you didn’t need for any dishes during that week, then you’ll probably just waste
it anyway if you’re anything like me. Which I hope you’re not. It’s also a really good idea to stay away
from the stores as much as possible. This might seem a little boring, but even
the grossery store – try to only go once or twice a week, because every time you go there’s
a risk of impulse buying. Number three is to try one of the challenges
out there. So I did the Project 333 it’s about your wardrobe
and I’ll link that up here as well. And you can also try and do the 100 thing
challenge. It’s fun to do the challenges and it will
motivate you to not spend money and stick to the challenge, so it’s a fun way to try
and limit your purchase. Number four is to know exactly what you can
spend on something. I touched on this a little bit in the budget
video and if you set a budget for a present or Christmas presents or something, a gift
for a friend, then stick to that amount that you set aside. Otherwise, your whole budget goes out the
window because you probably have to give a lot of gifts and presents throughout a year
so stick to the budget that you pre-set. Number five is to practice gratitude. This will help you focus on what you do have
instead of what you don’t have or might want. I’ve done this for longer stretches of time
when we were paying off debt where every night I would write down three things that I’m grateful
for. I do it right now and I’ve done it on and
off, and it’s just a really good way for me to focus on the positives, and also to help
me keep the bigger picture in mind because sometimes our everyday lives kind of takes
over, and I think it’s really healthy and beneficial to keep the bigger perspective
right there and so I just find that practicing gratitude really helps me do that. Number six is really fun. It’s know your motivation and keep it visible. This might be to print our images of the destination
you wanna travel to, a picture of the house that you might want to build or move into
some day, the school you want to go to the company you want to start, it would even be
something more personal like gaining self respect. It sound weird but I found that that was kind
of a part of the journey of regaining control of my budget was just to gain that self respect
aspect of this whole thing so whatever your motivation is – your motivation could be anything
but you need to know what it is so you can focus on that when things get tough. Last but not least number seven is to get
an accountability partner. This might be naturally your spouse, if you’re
married, but you could also use a friend, a parent, a mentor – you could even pay someone
to do this. I know someone who actually pays a person
for 15 minutes of their time every week to just keep them accountable to their budget. Now that is dedication you don’t have to go
out and pay someone, but having someone to talk to about your finances, who knows what
you’re going through and who can encourage you when it gets kind of rough, that is really
a benefit. So I highly recommend crossing over that taboo
thing of not talking about money. If you talk about money it’s actually a lot
easier and it just makes the whole journey a whole lot more enjoyable and fun. So I really encourage you to go out and find
someone who will keep you accountable and be like why did you buy that extra pair of
shoes? Or, why did you get a new iPhone? You shouldn’t because it’s not in your budget. So you need someone who can give you some
tough love. That’s it from by seven points guys. If you like them please give this video a
thumps up, if you have more to add please leave them down in the comments and I feel
like I’m getting to know you guys as well. Let me know if there are any other financial
topics you want me to do a video on, and I’ll see you guys next time. Bye!

How To Stick To A Budget – 7 Helpful Tips | Ways To Stick To A Budget – Becoming Debt Free
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