3 Tools to Herd in Your Spending & Keep Your Income Stable

Benefits of Budget:

• Better understanding of where your money is going
• Determine your financial health
• Reduce Stress and Uncertainty
• Helps you towards financial goals like saving more money
• Helps you see patterns in spending and adjust accordingly
• Builds character, responsibility and discipline (Key benefit)

The dangers of not having a budget are much more costly than the efforts it takes to maintain a budget and with the technologies we have available you can set up a budget with very little effort and it can work automatically in the background with little maintenance. Of course a budget will only get you so far as you must have the discipline to follow through on your budget.

With Spreadsheets, you have a range of budget levels you can put in place and a way for you to track subscription costs among other things. Mint allows you to better understand the flow of your money and your overall financial landscape and boundaries. Level gives you quick info on your daily spending allocation so you can better pace your spending.

Sometimes constraints are helpful, they force you to simplify and make your priorities clear

Too many people spend money they earned..to buy things they don't want..to impress people that they don't like. – Will Rogers

I hope some of these systems and tools help you to keep more of your money, pay down debts and give you the runway to takeoff to your financial success.

Please share if you found this valuable or know someone who could benefit with these money herding tips.

Let me know what tools or systems you use to budget or other thoughts down below in the comments or email.