How to Stop Spending Money
Has the constant cycle of overspending led you to wonder how to stop spending money? You’re not the only one. Spending money doesn’t have to lead to debt and make you feel stuck with your finances. Here’s how:
Write down the categories you listed yesterday and decide how much you want to spend in each category next month—based on areas you’ve determined you could cut back in. Make sure you update next month’s EveryDollar budget to reflect those savings!
Let’s start finding money!
Yesterday, you listed all of your lifestyle expenses. Today, I want to help you think of some areas where you might be able to cut back on spending.
So, where will you cut back?
Entertainment: $______________
Clothing: $______________
Hair/Nails/Personal Care: $______________
Subscriptions/Memberships: $______________
Other: $______________
Compare these numbers to the figures you entered yesterday. How much extra money did you find? Write down that number and put it away for later. If you’re using EveryDollar, reduce your planned amount for next month's budget to reflect your newfound savings!
Great job! You’re almost halfway done!
Has the constant cycle of overspending led you to wonder how to stop spending money? You’re not the only one. Spending money doesn’t have to lead to debt and make you feel stuck with your finances. Here’s how:
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