If you’re trying to save or clear old debts as a family, then you may have recently decided to keep your spending within the limits of a budget. However, this is often easier said than done, and making financial sacrifices can by tricky. Here are a few tips which may help you to stick within the limits of the budget which you have set.

Firstly, it is important to make sure that you are clear about your budgeting goals. How much are you aiming to save each month, and where will the remainder be spent? After all, even if you’ve got a great credit card deal from somewhere like lovemoney.com, you will still need to prioritize your outstanding payments above the money which you might otherwise allocate to various leisure activities. Rather than being vague and simply suggesting that you ‘budget’ in order to ’save’, you are far more likely to achieve your aims if you set specific goals and limitations on your overall spending.

Another good way to stick to your budget is to try and use cash wherever possible. Paying by card can sometimes be much too easy, and you are more liable to forget that the money which comes out of your account can be eating into your budget. By handing over physical cash, you will be automatically more aware of exactly how much money is changing hands each time you make a purchase.

Rather than just wandering around various stores when you are picking up your family’s groceries, make a list of what you actually need while you’re at home, and then stick to it. It is also a good idea to hang on to your receipts, so that you can keep a record of exactly how much of your budget has been spent, and where.

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