How to Teach Yourself Good Spending Habits When Sticking to a Budget

How to Teach Yourself Good Spending Habits When Sticking to a Budget
  • Opening Intro -

    It can take awhile to build good spending habits, especially if you're living on a limited income already.


Use these tips and tricks to figure out where your money is going, how you can get the most value for it, and how you can build a strong budget for the future.

Track Your Spending

This might sound obvious, but one of the foundational aspects of budgeting is knowing exactly how much money you have in the bank. This means staying on top of your incomes, expenses, and daily spending habits.

You’ll also want to work out some kind of game plan for your overall financial health. A classic is the 50/30/20 budget rule, which balances your present-day needs and wants with your future savings, but there are plenty of alternatives.

Tracking your spending is a great way to learn what you spend your money on, in a concrete and understandable way. You can always look at your bank statement (available online) so you can see exactly where your money is going.

Once you get a better idea of where you are spending your money, you can adjust and make adjustments from there.

Ask for Deals and Discounts

You’re probably familiar with things like clipping coupons to save money, but did you know that you don’t have to wait for the store to send you a flier? You can seek out discounts from online retailers, through cashback apps, through loyalty programs and credit card rewards, and from third-party couponing sites.

You can also be thrifty with services in addition to products; just email the service provider and ask if they have any special rates available. You might be surprised by how often businesses have unadvertised deals going on for first-time or returning customers.

Asking for deals and discounts is a great way to save a bit of money when you can. This even extends to things like labor and parts for auto shops even.

The worst someone can say is no, so you are not out anything anyway by asking. There is always a way to finagle yourself into a deal in a lot of instances.

Compare Service Packages

This tip can be applied to everything from auto insurance to your monthly streaming subscriptions. There are often tiers or levels to different types of policies, packages, and membership plans, and you can save money by only purchasing what you really need.

Just remember that the cheapest option isn’t necessarily the best: Sometimes, the best value can be found in spending a little more to receive higher-quality or more comprehensive services.

By comparing monthly subscription services that you might have is a great way to save a bit of money each month. There is always time to take a deep look at your Spotify Premium subscription or your Netflix subscription.

Besides, you do not need all the streaming services and memberships, you should only spend money on what you absolutely need. 

Don’t Push Off Payments

It’s easy to fall into a "buy now, pay later" mentality, especially with the recent crop of financial apps that let you do exactly that. However, their payment plans can be traps just like credit card and payday loans are often traps.

other related articles of interest:

Anything that pushes your payment date into a dim, nebulous future is something to be wary of, especially if you’re already living on a limited budget. It’s a better tactic to only spend what money you already have in the bank.

Make sure to have all the money you need to make major purchases at the actual times or purchase. This will help save you a fortune in financing charges and other associated fees that are always a part of financing options at most retailers.

These are just a few ways to take back control of your finances. From curbing your spending habits to keeping better track of your incomes and expenses, it isn’t always easy to become financially responsible, but it’ll be worth the effort in the end.

Image Credit: by

end of post … please share it!


end of post idea for home improvement


Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

Categories: Reduce Bills

About Author

Write a Comment


Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.