Often we spoil ourselves a little bit too much and don’t put a limit to our spending and by the end of the month have spent way more then we realized and often don’t even know where it all went.
Steps To Success:
1) Decide how much you want to give yourself each month
2) Pick an amount that lets you go out and have fun but also is realistic with your financial goals
3) If this is for your and your spouse sit down and talk this over before you set anything “in stone”. You don’t want to be at odds on this one.
4) If you over spend don’t take the money from your savings or somewhere else to pay for it. Put yourself in the “minus” for the next month. You have to have consequences for yourself (and rewards) to keep yourself on track.