Mindful tips for controlling your budget

The start of a new year is a great opportunity to work toward your financial goals by developing a mindful budget and spending plan! These tips and tricks can help you control your budget and save money.

MyMoney.gov offers these and tips for controlling your budget:

1. Set the maximum amounts you plan to spend each week or month and stick to it.
2. Take both your short term and long term financial goals into account when setting your budget.
3. Track your spending each week or month using apps or other tools to understand your spending habits over time.
   • Pro Tip: use this helpful spending tracker from ConsumerFinance.gov.
4. Slow down! Be careful not to let great deals or discounts persuade you to buy things you don’t really need.
5. Take the time to compare prices at different stores—both online and in-person—when planning a big purchase.