Budgeting seems time consuming. Besides, as long as you only allow yourself to have that morning mocha once or twice a week, you should be fineóright?
Budgeting isnít just about making sure you can afford to pay your bills every month. Itís also about being able to plan and save for your future goals. If you budgeted properly, maybe instead of that mocha on the way to class you could pay off that credit card!
Utilize a spending diary, whether itís with a notebook, an Excel doc, or a mobile app!
See how much you spend in a month and what youíre putting that money towards.
Evaluate your habits. See if you can cut down on a certain item to save up for a long term goal; like paying off those student loans, a car or even a special trip!