I can say that am good at budgetting.  I do have to budget because I know exactly how much i earn and how much should I spent.  I am not yet at the comfortable situation that i have to slice a part of my earnings for savings because honestly, my expenses is above overhead than my earnings.  But for the past months, thanks to blogging,  i can now buy big fish and stash a hundred or two in my savings account for the future to buy salt incase we ran out of stock.

I read this from Yen’s site and i think it’s a very good tip to be shared for everyone. Especially for those who are living a credit card life and impulsive shopping lifestyle.  Shopping is not bad at all but to do it good, you must always have your presence of mind in budgeting.

Grab these tips:

* Be realistic. Don’t set goals that you know you’ll never reach.

* Create a budget and stick to it.

* Distinguish between wants and needs. Do you want a new car or need a new washing machine?

* Record your monthly expenses. Balance your checkbook and write down every transaction, including Check Card debits and visits to the ATM.

* Limit your debt. Pay your credit card balances off on time each month. By paying on time, you’ll avoid a late fee. Carry only one major credit card to eliminate the temptation to use another card. Better yet, go shopping with cash only.

* Shop wisely. Review Consumer Reports and other publications to avoid making large purchases that are known for needing repairs.

* Save for infrequent expenses such as birthday presents or car tabs. Set up additional savings accounts at Spokane Teachers if you know these expenses are coming.

* Save money each month and contribute to your retirement.

Remember great budgetting scheme and saving can save you a lot from stress.  It’s one way to live a stress-free lifestyle.