Money causes me a huge amount of anxiety. I never seem to have enough and when I do get some it disappears so quickly it leaves me breathless and waiting desperately for the next pay day.
I am probably the last person in the world that should offer money saving advice. Even though I set a budget to help my disastrous money management skills I still run out of money. Every. Single. Month.
To keep track of my finances I do the following:
- keep a money diary to see where my money goes
- maintain a budget spreadsheet that outlines all my income and outgoings and the dates they are expected to occur
- have all my bills paid by direct debit come out of a cash management account which is inaccessible from the ATM to ensure there is always money in the bank to pay for them
- avoid having any credit cards
Looking at all the data I have collected over the years I can see where my spending danger zones are. I've put together a little infographic below to show both you and me where I can curb my unnecessary spending and hopefully help me to stick to my budget.
I reckon if I follow these tips and become more conscious of my spending danger zones, by avoiding them where possible, I might have more success with sticking to my budget. It would be so wonderful not to have to hang out for pay day every month!
Hell, I might even get some savings started!
What are your spending danger zones? Do you stick to a budget?
Disclaimer: This post is my entry into the "Rams loose change round-up" blogger competition for bloggers attending the Digital Parents Conference.