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Healthy Budgeting Made Easy

Budgeting is a great way to maintain your financial health. Understanding your spending habits and being conscious of small ways to save are the first steps to avoid overspending.

Write it Down
Write down every purchase you make into a notebook and add them up at the end of the day. It’s helpful to see all purchases together to best determine categories and items where overspending is apparent. Once you’ve evaluated opportunities to better save, continue this practice for a whole week to see if there are patterns to your purchases. A couple of dollars each day on a cup of coffee or muffin may not seem like much at the time, but they can add up quickly over a few days!

The Three Days Rule
When you find something you really want to buy but don’t necessarily need, give yourself three full days to consider it. If you’re still thinking about it after three days, and you’ve prepared yourself financially to accommodate the cost, it may be time to treat yourself!

Special Occasion Surprises
Last-minute shopping for holidays or other occasions can lead to impulse buys. Ask family and friends to cap gift amounts at an affordable level. This will help manage your spending habits – as well as surprises! It can be awkward if someone spends more on a gift for you than you planned on, so an open conversation will help provide direction on expectations.

If you’re looking for more ideas, view these courses on spending and living mindfully. Happy (smart) spending!

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