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Question
Posted by: LAM | 2004/09/20

Sticking to Budget?

Hi,

I am very good at budgeting and forecast ahead till the end of the year. Although our salaries isn't enough to pay everything. I prioritise and cut out or cut down where neccessary.

The problem is sticking to the budget.

Maybe I make it too complicated?

I work out the budget in Excel and that is where it stays, yes I have an idea more or less what there is to spend on things but then I don't reaccess and adjust as the month goes on when the cell phone accounts are higher than what I budgeted for, or when we spend money on eating out etc.

At the moment there is a bit of extra money in the cheque account - meant for other things, that I know is getting less and less the more we spend out of our budget and once that money is finished I know it's just going to mean our overdraft facility is going to get more and more each month.

what can I do to stick to only spending our salaries?

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Our expert says:
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Dear LAM

We all struggle to stick to one's budget. My only advice is DISCIPLINE!!

Regards

The information provided does not constitute a diagnosis of your condition. You should consult a medical practitioner or other appropriate health care professional for a physical exmanication, diagnosis and formal advice. Health24 and the expert accept no responsibility or liability for any damage or personal harm you may suffer resulting from making use of this content.

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