5 Techniques to Use if You Want to Stay on Track with Personal Budgets

personal development May 25, 2021
5 Techniques to Use if You Want to Stay on Track with Personal Budgets

What are the steps for creating budget?

Everybody knows that budgeting is the responsible way to manage money.  But something strange happens to us when cash finds its way into our pockets.  All of those neat and tidy plans take a backseat, and all you can think about is going on a spending spree.  It takes a lot of work to stay disciplined and comply with the boundaries set by a budget. Financial Expert Gemma Hartley suggests that “Sticking to a budget is no easy task, but it is an enormously satisfying one. Telling your money where to go each month gives you a feeling of control, and helps you plan for the future. No matter what your financial dream is, a budget is the first step toward getting there.”

Here are a few tips on how to properly stay the course with a budget:


1) Use Multiple Timeframes 

The best way to get the most out of a budget is to think on three levels.  Have a long-term budget, have a medium-term budget and have a short-term budget.  Using these timeframes reduces ambiguity in decision-making.

2) Be Realistic

Don’t budget like a millionaire if you live the lifestyle of a regular person.  It’s good to dream big, but honesty is necessary if you want to maximize your money.  Focus on accumulating savings, and never stretch yourself too thin just to keep up with the Joneses.

3) Control Your Routine Expenses 

The weakest link most people face about budgeting, is routine expenses like groceries or eating out.  Never allow yourself to conduct routine expenses without controls such as shopping lists or price comparisons.  Always stop yourself from spending impulsively.

4) Use Posters

Budgeting in a computer or a notebook is very organized.  But once either of these devices is out of sight, it’s easy to forget about them.  That’s why it’s a good idea to set up a notice board or poster which conveniently displays your budgeting objectives.  Use a visual aide to remind yourself of what you want to accomplish.

5) Keep Saving 

Budgets can only fall apart if you give up on them.  Even if you slip up and accidentally spend too much money, put that mistake behind you and make up for it in future.  Don’t just start the race, finish it as well.



Good budgeting is all about delayed gratification.  It’s a conscious decision to be thoughtful today, so that you won’t suffer scarcity tomorrow.  If you typically struggle with attentiveness to budgets, try changing your perspective on what they mean.  Think of them less as formal obligations, and more as promises to your future self.  Promise that you won’t gamble with your future self’s well-being, just so that you can experience enjoyment today.  The sacrifice might be uncomfortable, but it’s ultimately worth it.  If you like what you just read from our blog, you’ll love the various informative courses, workshops and events listed on our websites and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Academy can help you break past your daily struggles and start soaring in success. For business development coaching by Richard Martinez, call at 626-202-2291 or follow us on Facebook and Instagram.


Address : 260 Baker Street Suite 200 Costa Mesa CA 92626

Stay connected with news and updates!

Stay up to date with new blog posts, new courses and programs offered by Richard Martinez!
Subscribe to our newsletter! - Get the latest from Richard Martinez in your inbox.

We hate SPAM. We will never sell your information, for any reason.