How to Get Your Spending Under Control In Five Minutes (or less)

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You’ve had a long week at work and Friday afternoon is finally here. Instead of focusing on the tasks on your desk, you spend the final hour or so planning the fun-filled weekend that lies ahead.

The weekend flies by and you find yourself sitting at the office on Monday morning wondering where your time and money went. Payday was Friday and your account no longer has enough money to cover the bills; AND YOU JUST GOT PAID THREE DAYS AGO!

Unfortunately, this is reality for those equipped with the “entitlement” mentality. A few rough days equal a lavish night out or a day of retail therapy. There’s nothing wrong with treating yourself, but it should definitely be done in moderation.

The cure to the excessive spending problem is simple: allocate funds from your monthly budget for blow money. Place the money in an envelope and it’s yours to spend. When it’s gone, it’s gone…

Sounds simple to incorporate, right? Well, sort of! The problem is that you may not even realize that your spending is out of control!

To determine if you fit into this category, take a look at your spending habits. If you constantly have to dip into your saving’s account or use credit cards to make ends meet, it’s time to re-evaluate a few things. Once you identify the source of the problem, set up an envelope system and you’ll be on your way to!

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