It's well regarded, that a trick to saving money is to keep a budget so that you know how your incomings will be spent with the aim of your outgoings being accounted for, so that you are left with some money at the end of the month to save. However, it can be a real change in how you look at your personal finances for many, and takes discipline to budget effectively.
Do you keep a budget? How do you make it work for you? Do you find it easy?
but it is not of any use for me any more!
It is a silly habit I ,for some reason, will not drop.
I don't look at the figures any more as I spend what I want and do not need to be on a strict budget, so what is the point
I have a certain amount budgeted for my mortgage and bills and this figure gets put away each payday, Then I have the money ready when the bills come in. I also have a food budget that I stick to each month. Other than that, not really. I will buy petrol and other necessities and then whatever money is left, I put straight into savings.
I have a budget insofar that I know exactly what amount I spend on bills and my mortgage and I put this money to one side every month. Away from that I estimate other spending such as shopping, going out, petrol and other incidentals, so that I roughly know how much I am aiming to save in the month. Once a year I review all my bills such as insurances, and providers to ensure that I am getting the best possible deal for my money.
I have thought about entering everything onto a spreadsheet, but I think I need a bit more discipline.