If you’re living from paycheck to paycheck, you’re probably in the habit of dipping into your overdraft, swiping your credit card and stressing about whether you have enough money to get to the end of the month.
Budgeting is a great skill to help you move away from living month to month and at the same time, improve your bank balance. Creating a budget will ensure that you can afford the things you want and need, whilst also creating a plan for your future: a nest egg, your retirement or a plan to pay for your kids’ education. It’s all about taking ownership and changing poor financial habits that might not serve your best interests.
Budgeting will help define your financial priorities and find the right balance between spending and saving. It’s an effective way to ensure you’re not living above your means. Budgeting does not need to be boring.
Get the five steps to creating a realistic, yet smart budget that you’ll be able to stick to.
Ready to free up some money? Take some time to reassess your original budget and see where you can make changes.
Take control and download our free Budget Templates here: Excel Budget Template / PDF Budget Template
Already a budgeting whizz? Take our 52-week savings challenge where you could save up to R14 000 in one year.
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