You always make your mind sure that you already know where the money going even you don't keep it hard copy ? Accep my challenge. Keep a hard copy of every penny you taken from income and keep noticed it.
You will greatlty depressed when you came to know about waste things you spend it on. Keep it on your record the total money you waste on unnecessary items, Calculate the amount for one year and 5 year so taking an average how much money you waste on.
This waste money is the actual money you need to save it and it can only possible with the help of budget.
If you can save up of the small things that are not actually required by you than you can be financially successed.
These small things really matters. Excluding what money you use on lunch from five dollars a day to three dollars a day on every work day in a five day work week saves $10 a week… $40 a month… $480 a year… $2400 in five years….plus interest.
See what I mean… it really IS the little things and you still eat lunch everyday AND that was only one place to save money in your daily living without doing without one thing you really need. There are a lot of places to cut expenses if you look for them.
Set some specific long term and short term goals. There are no wrong answers here. If it’s important to you, then it’s important period.
If you want to be able to make a down payment on a house, start a college fund for your kids, buy a sports car, take a vacation to Aruba… anything… then that is your goal and your reason to get a handle on your financial situation now.