How to stick to a budget : Simple UK guide from S14EP11
How to stick to a budget : Mastering your money (S14EP11)
Context: Whether you are tackling a home improvement project or building a business, money management is the foundation of success. In this episode of the Working For Yourself podcast, I document the exact steps I use to stay on track. I share the reality of how to stick to a budget in the UK without feeling restricted or overwhelmed.
Video Briefing: Practical budgeting strategies for home and business.
Sticking to a budget can be challenging, but it is essential for keeping your finances in check. Over the last 18 years, I have learned that careful planning and discipline allow you to achieve your goals without breaking the bank. It is about awareness, not just restriction.
Assess Your Real Income
Start by identifying every source of money coming in. This includes your monthly salary, any bonuses, and other side income. You cannot make a plan until you know exactly what you are working with.
Identify Fixed vs Variable Costs
Separate your “must-pay” bills (like rent or mortgage) from your “flexible” spending (like groceries and entertainment). Understanding these habits is the first step toward gaining financial control.
Prioritize and Cut Back
If you are working on a project, prioritize essential upgrades over cosmetic changes. Look for non-essential spending, like unused subscriptions or dining out, and re-allocate that money toward your high-priority goals.
The Emergency Buffer
Unexpected expenses will always happen. I explain why you should allocate a percentage of your income to an emergency fund. This prevents a surprise bill from breaking your entire budget.
Seek Accountability
Don’t do it alone. Share your goals with a “budgeting buddy” or seek professional advice. Having someone to check in with makes it much easier to stay disciplined in the long run.
Listen to the full episode:
Resources:
This season has its own dedicated show notes and resources on my website: www.ZulfTalks.com. You can hear more business tips and advice on how I moved from a 9-5 office role to a Director by signing up for my emails.
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Clarity
📣: The information talked about in this episode is not financial advice or recommendations. I am not regulated by the Financial Conduct Authority (FCA). 🎯: See our full disclaimer policy here: https://trustedcreators.org/disclaimer/
