When it comes to budgeting, how many of us get started, work through it for a few months, and then stop using it altogether? What is it about budgeting that is particularly difficult to stick with?

If you’re struggling with maintaining a budget for longer than a few weeks or months, there are various ways to keep that budget running for years.

Links:

• Check out our Goal Builder tool to help automate saving

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.   

We make budgets to improve our financial situation. And they only work if they’re maintained.  

Putting together the budget is the first step and usually the easiest step but after that, sticking to it over a worthwhile period is the real challenge.     

There are many reasons why budgets fail. Lack of discipline, lifestyle changes, emergencies, and disorganization can all contribute to losing control of a budget.   

With the right strategies, you can turn your failing budget into a successful one that helps you reach your financial goals.   

Here are a few ways to ensure your budget gets the attention it deserves.   

1. Set clear financial goals—the more precise, the better. By setting clear short-term and long-term goals, you’ll know exactly what goal to work towards, providing a clear direction and adequate motivation to achieve it.  

Staying on top of your budget can be challenging, but with the right strategies and discipline, you can manage your finances effectively.   

If there are any other tips or topics you'd like us to cover, let us know at [email protected]. Like and follow our Making Money Personal FB and IG page, and look for our sponsor, Triangle Credit Union, on social media to share your thoughts.   

Thanks for listening to today's Money Tip Tuesday. Check out our other tips and episodes on the Making Money Personal podcast.   

Have a great day!