5 easy steps to take control of your spending

[Knowlopedia]

1. Know your numbers
The first step to taking control of your spending is to know your numbers. This means knowing your income, your debts, your expenses, and your goals. This will give you a clear picture of your financial situation and where your money is going.

2. Make a budget
Once you know your numbers, you can create a budget. This will help you allocate your income and expenses in a way that meets your goals. A budget can also help you curb your spending and save money.

3. Track your progress
It’s important to track your progress as you work to take control of your spending. This will help you stay on track and make adjustments as needed. You can track your progress by tracking your spending, income, and debts over time.

4. Make adjustments
As you track your progress, you may need to make adjustments to your budget or spending habits. This could include cutting back on expenses, increasing your income, or paying off debt.

5. Stay disciplined
The final step to taking control of your spending is to stay disciplined. This means following your budget, tracking your progress, and making adjustments as needed. It can be difficult to stick to a budget, but it’s important to stay disciplined if you want to reach your financial goals.

 

[Augusta]

what is the most on this list should be self discipline because I know a lot of people that has drawn up a budget on how they will be spending their money and how they will be saving via the budget.

But the truth is that the hardly keeps to it. so when it comes to budgeting one thing is to draw it out another is to be able to stick to it if you are one that cannot discipline yourself and stick to a budget it will difficult to have the budget that will be functional to you that's the truth.

 

[Nightmare]

Unplanned or irrelevant spending usually result in short of funds.
As a matter of fact, even if you make use of your budget and still purchase things that aren't present in your budget then surely it would cost severely someday.
Going by the steps listed above, I completely agree with him.
Thus, out of the list the factor you need to adhere to the must is "Sticking to your budget".
The act of sticking to your budget is one of the most important thing needed to secure a good spending
This factor comes first, then the rest/others can follow .