Tips On How To Budget

When it comes to money, many are struggling with budgeting especially to people with an income that is just already exact for their day-to-day living, especially during the time of pandemic where many had lost their jobs while others had salary deductions and many more reasons behind it. Numerous People struggled with their finances during this time that is why some people have no choice but to borrow money from others.

Borrowing money is easy but what if you have bad credit? First of all, let’s tackle what is bad credit – a bad credit means it is the payment history of a person that shows he or she failed to pay the bills on time and a possibility that it will fail to make a sensible payment in the future. Second, can you still get a loan with a bad credit? Well, there are short-term financial solutions out there for people who struggle with bad credit. If you want to know more about it, click here.

But before sorting to borrowing money, it is still best to create a budget and live within your means, it may be hard at first but it is not impossible. Maybe this time, it’s time to focus and prioritize your finances, right?

Here are some of my tips on how to budget:


For me when creating a budget this is the first thing you should have – discipline. This may be the hardest one but being disciplined will help you to stick with the budget you created.


Set aside a budget and stick with it as much as possible. Setting a budget can help you manage your finances.

Make a list

Make sure to create a list of what is really needed when shopping and make sure to follow it. Most of the time when we don’t have a list, we tend to get a lot of other stuff that leads to spending more than the budget.

Distinguishing between Needs and Wants

This is one of the real struggle of other people. Knowing needs vs wants will be a big help when it comes to budgeting. This will also help you not to spend on things that not really necessary and you can keep within your budget.

No to Impulse Buying

Just because it is sale means you have to buy it. We always tend to buy things we don’t need just because it is discounted. Remember – distinguish your needs from wants.

Buy in Bulk

Buying in bulk can save more than in frequently buying small quantities.

Calculate Finances

Calculating expense can help you with budgeting as you can keep track with your expenses. Calculating your finances will make budgeting easier.

Track your Expenses

Keep track of your expenses. Tracking can give you insights where you spend most. I always keep track of my expenses to see where I spend most. in this way, I can see where I spend most and analyze if there are some expenses I need to cut.

Now let’s get started in creating a budget! It may seem hard but starting it and stay focus will help you not just for today but also in the future. Hope these simple tips can be helpful to you.



  1. Joevy Janeth Sayong
    July 18, 2022 at 7:28 pm

    Thanks for the tips, Momsh Lhyzie. I will note this.

  2. Jane Perez Borja
    November 10, 2022 at 1:00 pm

    Thank you for sharing this helpful tips on how to budget. It’s really important because we will also learn how to differentiate the needs versus wants.

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