@thecollegeinvestor: Well that didnt go as planned! If you are going over your budget categories within a few days, it means you are out of touch with your spending! Heres how to fix it using 4 steps: 1. Open your bank and CC statements from the last 3 months. 2. Take an average of spending for each discretionary category (i like to start with restaurants, Target, Amazon, or Starbucks purchases). 3. Determine if you are comfy with your spending amounts 4. If you want to reduce, start with a 10-20% spend reduction. This is way more realistic to hit instead of slashing the spending to half (or worse, 0) The quick win will help you to reduce again for the following month so that it reflects your true financial goals! Follow for more #personalfinance tips! #moneytok #budget #budgeting #debtfreejourney #debtfreecommunity

The College Investor

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Sunday 28 May 2023 16:21:46 GMT