Take control of your finances. It all starts with a budget: knowing how much your have coming in each month, and how much you are paying out. But just knowing your financial situation is not enough. You have to actually take steps to ensure that you are paying down the bills that you want to get rid of or not overspending and creating more bills.
Simple things to do to cut down on overspending:
So, instead of eating out for lunch everyday at work, you pack a lunch and take with you. Maybe that means not buying some new shoes that you really didn’t need anyways (even if they are on sale!). Perhaps that even means giving up your fitness club membership and working out at home. And this may sound obvious, but don’t go shopping with money that you don’t have; in other words, do go to the mall just because you are bored. Living within your means, sometimes means giving up the things you want, for the things that you need.
So how can you stick to a budget and not feel totally strapped? Make sure to budget in a little fun money each month. For example, if you budget in $100 of spending cash, then you are allowing yourself to spend money on something that is not in your budget without feeling guilty, and still work toward achieving your goals.