#5: Track All The Expenses
It can be quite easy to set up a budget, but sticking to it and tracking it is another thing entirely.
I once read a quote which stated that it’s easy to earn money, but the difficulty lies in saving it. So, this holds true for all married couples and you need to track your progress, regardless of whether you’re succeeding or not.
Remember that you won’t be able to amass a lot of money in a short time while setting budgets and tracking them, because a budget adjustment always takes its own sweet time.
You don’t have to be disheartened, because after all, we tend to spend a bit more than we actually calculated; however, you need to keep your chin up and track everything, until you’re in a comfortable routine.
Hang in there for the first few months because you are bound to make mistakes, but just don’t give up.
I know that it’s easy to preach, rather than practice. You can get various ways to save money that could help you, as mentioned above, but what if you’re already in debt?
What if you and your partner are looking for ways to save money while paying off debts slowly? Surely, many of us have debts, whether it was during college or during an emergency that caught us unprepared.
So, in my quest to master the art of ways to save money, I must admit that I have poured over several books that promise to spill out the secrets of money management.
I liked most of them, but one book that nailed it is The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness by Dave Ramsey. It contains great ways to save money and I loved how the book explains the problems associated with debt and how you can plan everything, to save yourself from some major headache.
The motto of the book is, “If you will live like no one else, later you can live like no one else.” To explain this further, Ramsey says, “If you will make the sacrifices now that most people aren’t willing to make, later on you will be able to live as those folks will never be able to live.”